(CercleFinance.com) – Foot Locker announces a decrease in adjusted EPS to $0.97 for the last three months of the past financial year, against $1.46 a year earlier, with a contraction in gross margin of 2.9 points, mainly due to promotional activities.
The sporting goods distributor’s total sales fell 0.3% to $2.33 billion, but excluding currency effects, they rose 3.6% and on a comparable store basis, they were increased by 4.2%.
“We are excited to present our ‘Lace Up’ plan with a new set of strategic imperatives and financial goals designed to set us up for success for the next 50 years,” said CEO Mary Dillon.
For the year just starting, Foot Locker anticipates adjusted EPS of between $3.35 and $3.65 (including a gain of $0.15 related to an additional week) for like-for-like sales down 3, 5 to 5.5%.
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