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Stock impact report

Foot Locker, Inc. Reports 2019 Third 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, Nov. 22, 2019 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, reported today financial results for its third quarter ended November 2, 2019.Third Quarter ResultsNet income for the Company's third quarter of 2019 was $125 million, or $1.16 per share, compared to net income of $130 million, or $1.14 per share, in the corresponding prior-year period.  The current year's result included 1) a $4 million gain in connection with the acquisition of a Canadian distribution center lease and related assets and 2) a $1 million charge recorded in connection with the Company's pension matter.  Excluding these items, non-GAAP earnings were $1.13 per share and $0.95 per share for the third quarter of 2019 and 2018, respectively.  A reconciliation of GAAP to non-GAAP results is included in the tables below. Third quarter comparable-store sales increased 5.7 percent.  Total third quarter sales increased 3.9 percent, to $1,932 million, compared to Show less Read more
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