Foot Locker (FL) Price Target Raised at Deutsche Bank Following Strong Quarterly Results
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Foot Locker, Inc. Reports 2015 First Quarter Results
May 22, 2015 7:00 AM EDTNEW YORK, May 22, 2015 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its first quarter ended May 2, 2015.
First Quarter Results
Net income for the Company's first quarter ended May 2, 2015 was $184 million, or $1.29 per share, compared with net income of $162 million, or $1.10 per share, last year, a 17 percent increase.  First quarter comparable-store sales increased 7.8 percent. Total first quarter sales increased 2.6 percent, to $1,916 million this year, compared with sales of $1,868 million for the corresponding prior-year period. Excluding the effect of foreign currency... More
