Foot Locker (FL) Tops Q2 EPS by 15c; Comps Rose 9.6%

Foot Locker (NYSE: FL) reported Q2 EPS of $0.84, $0.15 better than the analyst estimate of $0.69. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.66 billion.

Second quarter comparable-store sales increased 9.6 percent.

At August 1, 2015, the Company's merchandise inventories were $1,317 million, 1.3 percent lower than at the end of the second quarter last year. Using constant currencies, inventory increased 3.3 percent.

The Company's cash totaled $970 million, while the debt on its balance sheet was $132 million. The Company spent approximately $76 million to repurchase 1.2 million shares during the quarter and paid its quarterly stock dividend of $0.25, spending $35 million.

For earnings history and earnings-related data on Foot Locker (FL) click here.

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