The New York-based company’s performance recently has been helped by trendy sneakers that has customers buying shoes for fashion rather than competition, even as shoppers have skipped many other mall-based stores. Same-store sales rose 4.7% in the latest quarter, meeting the consensus estimate by analysts surveyed by Consensus Metrix. But same-store sales were flat compared with the second quarter, and growth decelerated from the 8.7% clip posted in the year-ago period. Chief Financial Officer Lauren Peters said the company is “well on track” to meet its guidance for double-digital growth in earnings per-share. For the October quarter, Foot Locker reported a profit of $157 million, or $1.17 cents a share, up from $80 million, or 57 cents a share, in the year-prior quarter. goA litigation charge in the year-ago period dented earnings. Excluding items in the period, such as tax deductions, the company earned $1.13 a share, up from $1 a year ago. foot pain bunionAnalysts, polled by Thomson Reuters, expected $1.10 a share. Revenue increased 5.1% to $1.89 billion, meeting projections.

For the original version including any supplementary images or video, visit http://www.nasdaq.com/article/foot-locker-profit-improves-sales-rise-20161118-00293

plural feet play \ˈfēt\ also foot 2 :  an invertebrate organ of locomotion or attachment; especially :  a ventral muscular surface or process of a mollusc 3 :  any of various units of length based on the length of the human foot; especially :  a unit equal to 1⁄3 garden and comprising 12 inches plural foot used between a number and a noun plural feet or foot used between a number and an adjective — see weight table 4 :  the basic unit of verse meter consisting of any of various fixed combinations or groups of stressed and unstressed or long and short syllables 5 a :  motion or power of walking or running :  step b :  speed, swiftness 6 :  something resembling a foot in position or use: as a :  the lower end of the leg of a chair or table b 1 :  the basal portion of the sporophyte in mosses 2 :  a specialized outgrowth by which the embryonic sporophyte especially of many bryophytes absorbs nourishment from the gametophyte c :  a piece on a sewing machine that presses the cloth against the feed 7 foot plural chiefly British :  infantry 8 :  the lower edge as of a sail 9 :  the lowest part :  bottom 10 a :  the end that is lower or opposite the head b :  the part as of a stocking that covers the foot 11 foots plural but sing or plural in constr :  material deposited especially in ageing or refining :  dregs

You may also be interested to read

Leave a Reply

Your email address will not be published. Required fields are marked *