by Christopher Freeburn | August 17, 2012 11:20 am
Foot Locker (NYSE:FL) announced on Friday that it earned $59 million during the second quarter, up 59% from $37 million in the same period last year.
The athletic footwear seller recorded revenue of $1.37 billion, up 7.2% from 2011. That topped the $1.35 billion that analysts had expected, Reuters noted.
Adjusted EPS for the quarter was 38 cents, beating the 33 cents a share that Wall Street had forecast.
Shares of Foot Locker rose more than 2% in Friday morning trading.
The company’s share price has jumped roughly 45% so far this year.
The results mark the eighth consecutive quarter in which Foot Locker has topped analysts’ predictions.
Same-store sales at the company’s various outlet chains, which included Foot Locker, Champs Sports and Footaction stores, increased 9.8%.
Source URL: http://investorplace.com/2012/08/foot-locker-beats-profit-revenue-estimates/
Short URL: http://invstplc.com/1nvA2jv
Copyright ©2015 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.