Foot Locker (FL) reported quarterly earnings results on Friday, May-20-2016. The company reported $1.39 EPS for the quarter. Analysts had a consensus estimate of $1.39. The company posted revenue of $1987.00 million in the period, compared to analysts expectations of $1998.45 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.
Many Wall Street Analysts have commented on Foot Locker. Foot Locker was Upgraded by Piper Jaffray to ” Overweight” on Apr 13, 2016.
Foot Locker opened for trading at $56.93 and hit $58.99 on the upside on Thursday, eventually ending the session at $58.55, with a gain of 2.50% or 1.43 points. The heightened volatility saw the trading volume jump to 62,86,107 shares. Company has a market cap of $7,968 M.
In a different news, on Apr 12, 2016, Matthew M Mckenna (director) sold 10,628 shares at $62.35 per share price. According to the SEC, on Apr 6, 2016, Giovanna Cipriano (SVP & Chief Accounting Officer) sold 22,000 shares at $62.21 per share price. On Mar 30, 2016, Jarobin Jr Gilbert (director) sold 5,000 shares at $65.77 per share price, according to the Form-4 filing with the securities and exchange commission.
Foot Locker Inc. is a retailer of shoes and apparel. The Company operates in two segments: Athletic Stores and Direct-to-Customers. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker Lady Foot Locker Kids Foot Locker Champs Sports Footaction and SIX:02 as well as the retail stores of Runners Point Group including Runners Point and Sidestep. The Direct-to-Customers segment includes Footlocker.com Inc. and other affiliates including Eastbay Inc. and the direct-to-customer subsidiary of Runners Point Group which sell to customers through their Internet and mobile sites and catalogs. As of January 31 2015 the Company operated 3423 primarily mall-based stores in the United States Canada Europe Australia and New Zealand. As of January 31 2015 the Company operated a total of 78 franchised stores of which 31 are in the Middle East 27 in Germany and Switzerland and 20 in the Republic of Korea.