UPDATE: Foot Locker Posts Upbeat Q4 Earnings
Foot Locker (NYSE: FL) reported a gain in its fourth-quarter profit.
Foot Locker's quarterly profit surged to $121 million, or $0.81 per share, versus a year-ago profit of $104 million, or $0.68 per share. Its adjusted earnings came in at $0.82 per share.
Its sales climbed to $1.79 billion versus $1.71 billion. However, analysts were projecting earnings of $0.75 per share on sales of $1.77 billion.
Foot Locker's same-store sales climbed 5.3% in the quarter.
Foot Locker shares gained 5.31% to $45.00 in pre-market trading.
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