Foot Locker Q1 Beats Slightly on EPS


Foot Locker results for the company's Q1 have been released. For the quarter, sales amounted to $1.64 billion, up from the $1.58 billion in the same period the previous year. Net income was also higher, coming in at $138 million ($0.90 per diluted share), from Q1 2012's figure of $128 million ($0.83).

The most recent quarter's EPS number was good enough to edge the average analyst projection, which was $0.88. The sales figure matched analyst expectations.

In terms of operations, Foot Locker opened 25 new stores, remodeled or relocated 64, and closed 39 during Q1 2013. As of the beginning of this month, the firm operated a total of 3,321 stores throughout the world, in addition to 45 franchised outlets.

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