Sterne Agee CRT Raises Price Target on Foot Locker (FL) to $85 Following 2Q15 EPS Beat

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Go back to Sterne Agee CRT Raises Price Target on Foot Locker (FL) to $85 Following 2Q15 EPS Beat

Foot Locker, Inc. Reports 2015 Second Quarter Results

August 21, 2015 7:00 AM EDT

NEW YORK, Aug. 21, 2015 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its second quarter ended August 1, 2015.

Second Quarter ResultsNet income for the Company's second quarter ended August 1, 2015 was $119 million, or $0.84 per share, compared with net income of $92 million, or $0.63 per share, last year, a 33 percent increase.  Second quarter comparable-store sales increased 9.6 percent. Total sales increased 3.3 percent, to $1,695 million this year, compared with sales of $1,641 million for the corresponding prior-year period.  Excluding the effect of foreign currency fluctuations, total sales for... More