Footlocker Matches Analyst Estimates, Gaining 33% Year over Year

Shares of Foot Locker

reported Q4 EPS of $0.73, in-line with analyst estimate. EPS were up 33% from the same quarter last year. Foot Locker shares gained 0.54% to 35.50 in Thursday after hours trading. Fourth quarter comparable-store sales showing slight beat, the team at Foot Locker, Inc. was able to drive the their sales profit higher than previous year's record results. Revenue came in at $1.71 billion versus the consensus estimate of $1.69 billion and $1.5 billion last year. For fiscal year 2012, including 53 weeks, Foot Locker, Inc. reported net income of $397 million, or $2.58 per share. The Company's merchandise inventory update showing $1.16 billion, or 9.2% higher than last year. The increase is primarily a result of the extra week, the Company brought in additional inventory for February sales. As of February 2013, the Company operates 3,335 stores in 23 countries. Showing great momentum, the company is confident that it will deliver double-digit percentage EPS gain for full-year 2013.