Foot Locker rallies as concerns are overdone
Earnings Highlights
Adjusted EPS comes in 4.49% higher than the $1.56 from the same time last year.
Revenue for the quarter is down 2.2% from $2.27 billion during the fourth quarter of 2018.
Operating income of $186 million is a 15.07% drop year-over-year from $219 million.
The Foot Locker earnings report also includes a net income of $141 million.
That’s 10.76% lower than its net income of $158 million from the same period of the year prior.
P/E ratio 7.89
Short interest 12.71%
Company profile
Foot Locker, Inc. engages in the retail of athletic shoes and apparel. It operates through the Athletic Stores and Direct-to-Customers segments. The Athletic Stores segment sells athletic footwear and apparel under the Foot Locker, Lady Foot Locker, SIX:02, Kids Foot Locker, Champs Sports, Footaction, Runners Point, and Sidestep brands. The Direct-to-Customers segment includes Footlocker.com, Inc., Eastbay, Inc., and international electronic commerce businesses. The company was founded on April 7, 1989 and is headquartered in New York, NY.
