Foot Locker, Inc. (FL) Reports 2009 Q3 Results

Foot Locker, Inc. (NYSE: FL) the New York-based specialty athletic retailer, reported financial results for its third quarter ended October 31, 2009.

The Company reported a net loss of $6M, or $0.04 per share, for the third quarter this year, after including $22M, after tax, or $0.14 per share, of non-cash impairment charges to write down long-lived assets of the Company's U.S. operations. Excluding the impairment charges, third quarter net income was $16M, or $0.10 per share, in 2009.In the year-ago period, net income was $24M, or $0.16 per share, including an impairment charge of $3M, after tax, or $0.02 per share, to write down the value of a short-term investment. Before the impairment charge, net income was $27M, or $0.18 per share, in the 2008 third quarter period.