Foot Locker Reports Better-Than-Expected Q3 Earnings, Comps Gain 4.7%

Foot Locker, Inc. (NYSE: FL) reported Friday morning its third quarter results.

• EPS of $1.13 was three cents per share higher than expected.
• Revenue of $1.89 billion was in-line with estimates.
• Total sales rose 5.1 percent from a year ago.
• Q3 comps rose 4.7 percent.
• Net income rose to $157 million from $80 million a year ago.
• Foot Locker paid investors a quarterly dividend of $0.275. Foot Locker also bought back 1.15 million shares during the quarter.
• The company ended the quarter with 3,394 stores in 23 countries.