- Foot Locker earnings beat on both the top and bottom lines.
- Same-store sales missed Wall Street estimates.
- Watch Foot Locker trade in real time here.
Foot Locker's beat Wall Street estimates on both the top and bottom lines in the second-quarter, but same-store sales came up short. Shares are little changed in early action on Friday.
The sneaker retailer earned an adjusted earnings of $0.75 a share — $0.05 ahead of the estimate from Wall Street analysts surveyed by Bloomberg. Foot Locker also said sales increased 4.8% to $1.78 billion, edging out the $1.76 billion that was expected. Excluding the effect of foreign exchange rate fluctuations, total sales for the second quarter increased 3.9%.
See the rest of the story at Business Insider
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