86 083
Fashion Jobs
FOOT LOCKER
Director of Safety (Supply Chain)
Permanent · CAMP HILL
LEE
PT Keyholder, Estero, FL
Permanent · ESTERO
URBN
Free People: Merchandise Planning Manager
Permanent · PHILADELPHIA
URBN
Free People: Senior Merchandise Planner
Permanent · PHILADELPHIA
KOHLS
Operations Supervisor - Weekend Overnights
Permanent · EDGEWOOD
KOHLS
Full-Time Loss Prevention Officer
Permanent · SOUTH BURLINGTON
ADIDAS
Key Account Manager: Athletic Footwear
Permanent · PITTSBURGH
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · GOSHEN
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · NAPLES
KOHLS
Shift Leader/Operations Manager - Weekend Night Shift
Permanent · PATASKALA
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader (Part-Time) - us
Permanent · POOLER
AMERICAN EAGLE OUTFITTERS
ae - Merchandise Leader (Part-Time) - us
Permanent · MURFREESBORO
AMERICAN EAGLE OUTFITTERS
Aerie - Merchandise Leader - us
Permanent · KAPOLEI
NAVY EXCHANGE
Buyer (Level i) - Beauty Care
Permanent · VIRGINIA BEACH
NAVY EXCHANGE
Buyer (Level i) - Pet
Permanent · VIRGINIA BEACH
GAP INC.
Asset Protection Service Representative - Harlem Usa
Permanent · NEW YORK
GAP INC.
Asset Protection Coordinator - Mount Vernon Plaza
Permanent · ALEXANDRIA
BANANA REPUBLIC
Associate Art Director, Photo Studio
Permanent · SAN FRANCISCO
ECCO
Third Keyholder
Permanent · SAN FRANCISCO
ECCO
Third Keyholder
Permanent · BLUFFTON
ECCO
Third Keyholder
Permanent · SEATTLE
ECCO
Third Keyholder
Permanent · SANTA CLARA
By
Reuters
Published
Mar 3, 2011
Download
Download the article
Print
Text size

Foot Locker beats with jump in Q4 profit

By
Reuters
Published
Mar 3, 2011

Mar 2 - Athletic footwear retailer Foot Locker Inc posted quarterly profit on Wednesday that more than doubled, helped by margin expansion and same-store sales growth.

Foot Locker
Converse - one of the brands sold by footwear retailer Foot Locker

Net income in the holiday fourth quarter rose to $57 million, or 36 cents per share, compared with $23 million, or 14 cents per share, in the year-earlier quarter.

Excluding an after-tax charge related to the writedown of assets, earnings were 39 cents per share.

Analysts polled by Thomson Reuters I/B/E/S had expected 36 cents per share.
Revenue rose 5.1 percent to $1.39 billion, above the $1.38 billion expected by analysts, while same-store sales rose 7.3 percent.

Despite an uncertain economic recovery, retailers such as Foot Locker and smaller rival Finish Line Inc that sell footwear under brands from Nike Inc, Converse, Puma and Adidas AG, have benefited from improving demand for athletic and running shoes.

Moreover, Foot Locker is now reaping the rewards of closing about 650 underperforming stores over the last three years to drive sales and margin growth.

Shares in Foot Locker, which operates more than 3,400 stores, closed at $19.42, up 1 percent, on the New York Stock Exchange.

(Reporting by Alexandria Sage; editing by Andre Grenon and Gunna Dickson)

© Thomson Reuters 2024 All rights reserved.