Foot Locker (FL) 4Q Better Than Outlook Implies - PiperJaffray
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February 29, 2016 10:23 AM EST
Brean Capital reiterated a Buy rating on Foot Locker (NYSE: FL), and raised the price target to $78.00 (from $77.00), following the company's 4Q earnings report. FL reported EPS of $1.16 favorable to consensus estimates of $1.12, driven by operating leverage on strong comp growth of 7.9%, as well as continued growth in merchandise margin expansion.
Analyst Eric Tracy commented, "As we expected, FL delivered 4Q upside against high... More
February 26, 2016 6:45 AM EST
Foot Locker (NYSE: FL) reported Q4 EPS of $1.16, $0.04 better than the analyst estimate of $1.12. Revenue for the quarter came in at $2.01 billion versus the consensus estimate of $2 billion.
Comps rose 7.9 percent, versus consensus expectations of up 6.2 percent.
For earnings history and earnings-related data on Foot Locker (FL) click here.
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