Foot Locker (FL) Tops Q4 EPS by 10c; Comps Up 5%

Foot Locker (NYSE: FL) reported Q4 EPS of $1.42, $0.10 better than the analyst estimate of $1.32. Revenue for the quarter came in at $2.11 billion versus the consensus estimate of $2.11 billion.

Fourth quarter comparable-store sales increased 5.0 percent.

"Generating our seventh consecutive year of meaningful sales and profit growth is a strong testament to Foot Locker, Inc.'s solid position at the center of sneaker culture," said Richard Johnson, Chairman of the Board and Chief Executive Officer. "All credit goes to the incredibly talented team of associates we have around the world, and I want to thank them sincerely for another outstanding performance in 2016. Due in part to the change in the cadence of income tax refund check distribution, we are facing a challenging retail sales environment as we enter 2017; however, we believe the strategic initiatives we have in place, coupled with our strong vendor relationships, will enable us to deliver another year of record performance."

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

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