Foot Locker (FL) Tops Q3 EPS by 60c

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Go back to Foot Locker (FL) Tops Q3 EPS by 60c

Foot Locker, Inc. Reports 2020 Third Quarter Results

November 20, 2020 6:45 AM EST

NEW YORK, Nov. 20, 2020 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its third quarter ended October 31, 2020.

Third Quarter ResultsNet income for the Company's third quarter of 2020 was $265 million, or $2.52 per share, compared to net income of $125 million, or $1.16 per share in the corresponding prior-year period. Included in these results are the following pre-tax items: 1) a $190 million non-cash gain related to a higher valuation for one of the Company's minority investments, 2) $3 million in costs related to the shutdown of the... More