Foot Locker (FL) Tops Q1 EPS by 7c

Foot Locker (NYSE: FL) reported Q1 EPS of $1.29, $0.07 better than the analyst estimate of $1.22. Revenue for the quarter came in at $1.92 billion versus the consensus estimate of $1.91 billion.

First quarter comparable-store sales increased 7.8 percent.

Gross margin improved 4 basis points to 35.0 percent.

"We have hit the ground running in 2015, producing the most profitable quarter in our history," said Richard Johnson, President and Chief Executive Officer. "We are focused on executing the updated strategic priorities that we described in our investor meeting in March, and the results in the first quarter demonstrate that we remain on the right track, with strong performances across our channels, geographies, banners, and categories. Our core business improved and we made progress on each of our growth pillars, a team accomplishment of which we are all very proud."

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

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