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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Global Luxury—Retail 2024 Sector Outlook: Emerging Markets and Young Shoppers To Drive GrowthResponses to Inflation—Fewer Shoppers Are Changing Their Spending Habits: US Consumer Survey InsightsNovember 2023 US Retail Traffic and In-Store Metrics: Black Friday Boosts Traffic and SalesHoliday 2023: Social Media Strategies—Shoppable Posts and Creator-Generated Content Can Drive Conversion
