Foot Locker Well Positioned After Great Q1 Results

Foot Locker FL announced its first quarter results Friday.

The company reported sales of $1.87 billion which beat the estimate of $1.79 billion, and is up from the $1.63 billion reported last year during the same period. The company reported an EPS of $1.11, which beat the estimate of $1.05, is also up $0.90 year-over-year.

CEO and Chairman of the Board Ken C. Hicks stated, “We are off to a great start in 2014, with our first quarter results representing the highest quarterly sales and profits in our history as an athletic company --- for the third consecutive year."

Shares of Foot Locker are up less than one percent to $48.61.