Wednesday, November 21, 2018

Foot Locker plays hard in Q3

Chain Store Age
Athletic footwear giant Foot Locker turning in a winning third quarter, with sales and earnings that topped Wall Street expectations.

Total third quarter sales decreased 0.5% to $1.86 billion this year, topping estimates. (The 53rd week shift impact reduced sales by approximately $60 million during the third quarter.) Same-store sales increased 2.9%, better than expected.. . . more