NEW YORK — Moderate sales growth allowed Foot Locker Inc. to report double-digit earnings growth from continuing operations in the fourth quarter.

For the three months ended Feb. 1, the New York-based footwear and sportswear retailer reported net income from continuing operations increased 14.3 percent to $48 million, or 33 cents a diluted share. By comparison, last year the company had profits of $42 million, or 28 cents. Excluding $6 million, or 4 cents, from discontinued operations a year ago, income would have grown 33.3 percent. Either way, earnings per share missed the Wall Street estimate by a penny.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus