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Stock impact report

Foot Locker, Inc. Reports 2019 Second Quarter Results

Foot Locker, Inc. (FL) 
Last foot locker, inc. earnings: 2/28 06:45 am Check Earnings Report
Company Research Source: PR Newswire
NEW YORK, Aug. 23, 2019 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, reported today financial results for its second quarter ended August 3, 2019.Second Quarter ResultsNet income for the Company's second quarter of 2019 was $60 million, or $0.55 per share, compared to net income of $88 million, or $0.75 per share in the corresponding prior-year period.  Included in these results are: 1) a $13 million charge related to the lease termination costs incurred in connection with the closure of certain SIX:02 locations, 2) a $1 million charge recorded in connection with the Company's pension matter, and 3) a $2 million tax charge in connection with U.S. tax reform.  Excluding these items, non-GAAP earnings were $0.66 per share and $0.75 per share for the second quarter of 2019 and 2018, respectively.  A reconciliation of GAAP to non-GAAP results is included in the tables below. Second quarter comparable-store sales increased 0.8 percent.  Tota Show less Read more
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