Foot Locker, Inc. (FL - Snapshot Report), the operator of athletic shoes and apparel retailer, came out with second-quarter fiscal 2015 results, with earnings of 84 cents a share came ahead of the Zacks Consensus Estimate of 69 cents, and jumped 31.3% year over year.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2015 and 2016 has moved up by a penny over the past 30 days. In the trailing four quarters (including the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 11.3%.
Revenues: Foot Locker generated total revenue of $1,695 million representing an increase of 3.3% year over year, and also came ahead of the Zacks Consensus Estimate of $1,664 million. Comparable-store sales jumped 9.6% during the quarter.
Key Events: During the quarter, Foot Locker opened 21 new outlets, remodeled or relocated 65 outlets, and shuttered 21 outlets. During the quarter, the company repurchased 1.2 million shares of worth $76 million and also paid dividends of $35 million.
Zacks Rank: Currently, Foot Locker carries a Zacks Rank #2 (Buy) which is subject to change following the earnings announcement
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