Foot Locker (FL) Tops Q2 EPS by 14c, Reinstates Dividend

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Go back to Foot Locker (FL) Tops Q2 EPS by 14c, Reinstates Dividend

Foot Locker, Inc. Reports 2020 Second Quarter Results; Board Of Directors Reinstates Quarterly Dividend Program

August 21, 2020 6:45 AM EDT

NEW YORK, Aug. 21, 2020 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its second quarter ended August 1, 2020.

Second Quarter Results Net income for the Company's second quarter of 2020 was $45 million, or $0.43 per share, compared to net income of $60 million, or $0.55 per share in the corresponding prior-year period.  Included in these results are the following pre-tax charges: 1) $19 million related to the wind down of the Runners Point banner and the Eastbay restructuring, 2) $18 million for costs incurred in connection with the recent... More