Foot Locker (FL) Tops Q1 EPS by 20c, Comps Decline 2.8%

Foot Locker (NYSE: FL) reported Q1 EPS of $1.45, $0.20 better than the analyst estimate of $1.25. Revenue for the quarter came in at $2.03 billion versus the consensus estimate of $1.96 billion.

• First Quarter Comparable-Store Sales Decreased 2.8 Percent

"The flow of premium product continues to improve, with increasing breadth and depth in the most sought after styles from our key vendors," said Richard Johnson, Chairman and Chief Executive Officer. "This led to first quarter results which were above our expectations. With the strength of our strategic vendor partnerships and our central position in youth culture, we continue to believe that we are poised to inflect to positive comparable-store sales growth as we progress through the year."

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

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