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FL Market Currents
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Wednesday 7:10 AM
A two-year boom in sales of running shoes still has legs and could propel sellers Nike (NKE), Foot Locker (FL), and Dick's Sporting Goods (DKS) even higher, according to analysts. In the last year sales jumped 14% to reach $6.46B, fueled by the increasing appetite of consumers to pay up for comfort and fashion with more sophisticated lines of running shoes.
Comment![Consumer]
- Friday 9:27 AM Shares of Foot Locker (FL) pick up more steam in premarket trading following the company's solid earnings beat, and are now up 12.8%. Key margin gains and sales momentum appear to be the rallying points for investors. [On the Move, Consumer]
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Friday 9:05 AM Premarket gainers: WGO +21%. FFN +14%. QPSA +11%. OSIR +10%. FL +8%. CRM +7%. NBG +6%. YHOO +5%.
Losers: ADSK -9%. GSS -8%. [On the Move] - Friday 7:50 AM More on Foot Locker's (FL) Q1: Comparable-store sales +9.7%. Merchanise inventory fell 1.1% Y/Y to $1.146B. Total number of stores increased trimmed to 3,360 from 3,420 last year, led lower by Lady Foot Locker. Shares +1.4% premarket. (PR) [Earnings, On the Move]
- Friday 7:34 AM Foot Locker (FL): Q1 EPS of $0.83 beats by $0.09. Revenue of $1.58B (+8.7% Y/Y) beats by $30M. Shares +1.5% premarket. (PR) [Earnings, On the Move]
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at MarketWatch.com (Fri, 5:23PM)
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at MarketWatch.com (Fri, 5:20PM)
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at CNBC.com (Fri, 5:13PM)
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at MarketWatch.com (Fri, 11:01AM)
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at CNBC.com (Fri, 8:52AM)
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PR Newswire (May 16, 2012)
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Company Description
Foot Locker, Inc., incorporated under the laws of the State of New York in 1989, is a leading global retailer of athletic footwear and apparel, operating 3,641 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand as of January 31, 2009.
The Company... More