Brean Capital Cuts Price Target on Foot Locker (FL) as Shares Trade Down Following 1Q Results
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Foot Locker, Inc. Reports 2016 First Quarter Results
May 20, 2016 6:45 AM EDTNEW YORK, May 20, 2016 /PRNewswire/ --Â Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its first quarter ended April 30, 2016.
First Quarter Results
Net income for the Company's first quarter ended April 30, 2016 was $191 million, compared with net income of $184 million in the same period of 2015. Earnings were $1.39 per share, a 7.8 percent increase from the $1.29 per share earned in the comparable period last year.  First quarter comparable-store sales increased 2.9 percent.  Total first quarter sales increased 3.7 percent to $1,987 million this year, compared with sales of $1,916... More
