Foot Locker (FL) Tops Q1 EPS by 20c, Comps Decline 2.8%
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Foot Locker, Inc. Reports 2018 First Quarter Results
May 25, 2018 6:45 AM EDTNEW YORK, May 25, 2018 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, reported today financial results for its first quarter ended May 5, 2018.
First Quarter ResultsNet income for the Company's first quarter ended May 5, 2018 was $165 million, or $1.38 per share, compared to net income of $180 million, or $1.36 per share in the same period of fiscal 2017.  This result included an incremental $12 million charge related to the Company's pension litigation. Excluding this charge, which reduced after-tax earnings by 7 cents per share, non-GAAP earnings were $1.45 per share.
First quarter comparable-store sales decreased... More
