Foot Locker (FL) Reports In-Line Q1 EPS; Comps Rose 2.9%
Foot Locker (NYSE: FL) reported Q1 EPS of $1.39, in-line with the analyst estimate of $1.39. Revenue for the quarter came in at $1.99 billion versus the consensus estimate of $2 billion.
First quarter comparable-store sales increased 2.9 percent.
At April 30, 2016, the Company's merchandise inventories were $1,260 million, 2.1 percent higher than at the end of the first quarter last year. The Company's cash totaled $1,062 million, while the debt on its balance sheet was $129 million. The Company spent approximately $88 million to repurchase 1.37 million shares during the quarter and paid its quarterly stock dividend of $0.275, spending $37 million.
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