Piper Jaffray Downgrades Foot Locker (FL) to Neutral
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Foot Locker, Inc. Reports 2016 Third Quarter Results
November 18, 2016 6:45 AM ESTNEW YORK, Nov. 18, 2016 /PRNewswire/ --Â Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, today reported financial results for its third quarter ended October 29, 2016.
Third Quarter ResultsNet income for the Company's third quarter ended October 29, 2016 was $157 million, or $1.17 per share, compared with net income of $80 million, or $0.57 per share in the same period of 2015.
Third quarter comparable-store sales increased 4.7 percent. Total sales increased 5.1 percent, to $1,886 million this year, compared with sales of $1,794 million for the corresponding prior-year period. Excluding the effect of foreign currency fluctuations, total... More
