UPDATE: Foot Locker, Inc. (FL) Tops Q4 EPS by 4c; Comps Up 7.5%
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(Updated - March 1, 2012 5:09 PM EST)
Foot Locker, Inc. (NYSE: FL) reported Q4 EPS of $0.55, $0.04 better than the analyst estimate of $0.51. Revenue for the quarter rose 7.9 percent to $1.5 billion versus the consensus estimate of $1.49 billion and $1.39 billion last year. Excluding the effect of fx, total sales for the fourth quarter increased 8.2 percent.
Fourth quarter comparable-store sales increased 7.5 percent.
Non-GAAP net income was $84 million, up from $61 million last year.
The Company's merchandise inventory at year end was $1,069 million, 0.9 percent.
During the fourth quarter of 2011, the Company repurchased 289,100 shares of its common stock for approximately $7 million.
At year end 2011, the Company's cash and short-term investments totaled $851 million, while the debt on its balance sheet was $135 million. The Company's total cash position, net of debt, was $157 million higher than the same time last year.
For earnings history and earnings-related data on Foot Locker, Inc. (FL) click here.
Foot Locker, Inc. (NYSE: FL) reported Q4 EPS of $0.55, $0.04 better than the analyst estimate of $0.51. Revenue for the quarter rose 7.9 percent to $1.5 billion versus the consensus estimate of $1.49 billion and $1.39 billion last year. Excluding the effect of fx, total sales for the fourth quarter increased 8.2 percent.
Fourth quarter comparable-store sales increased 7.5 percent.
Non-GAAP net income was $84 million, up from $61 million last year.
The Company's merchandise inventory at year end was $1,069 million, 0.9 percent.
During the fourth quarter of 2011, the Company repurchased 289,100 shares of its common stock for approximately $7 million.
At year end 2011, the Company's cash and short-term investments totaled $851 million, while the debt on its balance sheet was $135 million. The Company's total cash position, net of debt, was $157 million higher than the same time last year.
For earnings history and earnings-related data on Foot Locker, Inc. (FL) click here.
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