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Foot Locker (FL) Tops Q4 EPS by 17c, Comps Up 9.7%, Sees Double-digit Percentage Increase in EPS

March 1, 2019 6:46 AM

(Updated - March 1, 2019 6:48 AM EST)

Foot Locker (NYSE: FL) reported Q4 EPS of $1.56, $0.17 better than the analyst estimate of $1.39. Revenue for the quarter came in at $2.27 billion versus the consensus estimate of $2.18 billion.

Comparable Store Sales Increased 9.7%

"The fundamentals of our core business remain strong and led to meaningful improvement in our financial results, not only during the fourth quarter but throughout 2018," said Richard Johnson, Chairman and Chief Executive Officer. "This positive performance was made possible by our team's unrelenting focus on providing compelling assortments to our customers, launching exciting collaborations with our strategic partners, both long-standing and new, and making our stores and digital channels unique and exciting destinations."

"Looking at 2019," Mr. Johnson continued, "we believe that by maintaining our focus on bringing differentiated experiences to youth culture, we can continue to elevate our financial performance by generating a mid-single digit comparable sales gain and another double-digit percentage increase in earnings per share."

For earnings history and earnings-related data on Foot Locker (FL) click here.

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