Insight Report 3 minutes PremiumFoot Locker (FL) 1Q16 Results: In-Line Quarter, Marking 25th Consecutive Quarter of Revenue and Profit Growth Coresight Research August 19, 2016 Executive Summary Foot Locker reported 2Q16 revenues of $1.78 billion, up 5.0% from the year-ago quarter and above the consensus estimate of $1.76 billion. Reported EPS were $0.94, up 11.9% year over year and exceeded expectations of $0.94. Both sales and earnings results were better than expected. Comps were up 4.7% with sales driven by positive comparable sales across basketball, running, and classic footwear, as well as apparel. The company maintained fiscal 2016 guidance of comps up mid-single digits and EPS up double digits in line with the consensus of +10.0% or $4.72. For 3Q16, management expects EPS to increase “close to” double digits versus the consensus of +12.0% or $1.12. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weinswig’s Weekly: Retail Media Networks Present a Challenging but Highly Rewarding OpportunityData Dive: What US, European and Australian Retailers Are Saying on CapexThree Data Points We’re Watching This WeekRetail Challenges Boost Edge Technology Investment: Research Preview
