Insight Report 3 minutes PremiumFoot Locker (FL) 2Q16 RESULTS: TOPS EXPECTATIONS DRIVEN BY SAME-STORE SALES Coresight Research August 22, 2016 Executive Summary Foot Locker reported 2Q16 revenues of $1.78 billion, up 5% 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 $0.90. Comps were up 4.7%, driven by gains across basketball, running, classic footwear and apparel. Foot Locker Canada led all banners, with comps up in the low double-digits range on top of double-digit comp gains last year. The company maintained fiscal 2016 guidance of EPS up double-digits, in line with the consensus EPS of +10% or $4.72. Comps are expected to be up mid-single-digits versus the consensus of +4%. For 3Q16, management expects comps up mid-single digits compared to the consensus of +4.7%. EPS is projected to increase “close to” double-digits versus the consensus of +12% 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: September 2023 UK Retail Sales: Growth Slows Amid Continuing Cost of Living Pressures and Unseasonably Warm WeatherSalesforce Dreamforce 2023: Generative AI, Data Cloud and Commerce CloudCoresight Bites: US Store Openings and Closures—2022 Review and 2023 OutlookRevolutionize Your Product Launch Strategy: Leveraging Generative AI Applications for Enhanced Speed and Profitability