Operating Leverage and Growth Drive Foot Locker (FL) to 4Q EPS Beat - Brean Capital Reiterates Buy
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Foot Locker, Inc. Reports 2015 Fourth Quarter and Full Year Results
February 26, 2016 6:45 AM ESTNEW YORK, Feb. 26, 2016 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its fourth quarter and full year ended January 30, 2016.
Fourth Quarter Results The Company reported net income of $158 million for the 13 weeks ended January 30, 2016. This equates to earnings of $1.14 per share, an increase of 13 percent over earnings per share of $1.01 for the 13-week period ended January 31, 2015.Â
Fourth quarter comparable-store sales increased 7.9 percent. Total fourth quarter sales increased 5.0 percent, to $2,007 million this year, compared with sales of $1,911 million in 2014.... More
