Foot Locker Posts 18% Increase in Fourth-Quarter Profit

Foot Locker's posted a fourth-quarter profit increase of 18% beating market expectations.

The U.S. athletic-shoe retailer earned $113 million, or 72 cents per share, in the fourth quarter, up from from $96 million, or 61 cents per share a cents, a year earlier.

Analysts on average had expected earnings of 68 cents a share, excluding any exceptional item, according to Reuters Estimates.

Fourth-quarter results benefited by 11 cents per share due to one additional week compared with the same period last year.

Foot Locker expects first-quarter earnings of 34 cents to 37 cents a share. Analysts on average expect the company to earn 40 cents a share, excluding exceptional items.

For this fiscal year, Foot Locker sees earnings from continuing operations of $1.55 to $1.65 a share.

Contact U.S. News


    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More

Don't Miss

U.S. Video

  • CNBC's Bob Pisani and Art Cashin, of UBS, discuss the market's big day and the rush of money coming into the US markets. Oil has gone into negative territory, which may be a concern, Cashin says.

  • Stocks rally hard. Are fresh record highs on tap? Tom Lee, Fundstrat Global Advisors, discusses with CNBC's Jackie DeAngelis and the Futures Now Traders. Markets are going to surprise to the upside, predicts Lee.

  • The oil bounce continues. Trading crude now, with CNBC's Jackie DeAngelis and the Futures Now Traders. Crude has not found its true value yet, says Jim Iuorio.