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Foot Locker Trades Higher On Q2 Earnings Beat, Store Sales Increase 18.6%

Foot Locker, Inc. (NYSE: FL) shares are trading higher on Friday after the company reported better-than-expected second-quarter EPS and sales results. The company also reported second-quarter comparable-store sales increased by 18.6%.

Benzinga · 08/21/2020 14:34

Foot Locker, Inc. (NYSE:FL) shares are trading higher on Friday after the company reported better-than-expected second-quarter EPS and sales results. The company also reported second-quarter comparable-store sales increased by 18.6%.

Foot Locker reported quarterly earnings of 71 cents per share, which beat the analyst consensus estimate of 57 cents by 24.56%. This is a 7.58% increase over earnings of 66 cents per share from the same period last year.

The company reported quarterly sales of $2.08 billion, which beat the analyst consensus estimate of $2.00 billion by 3.85%. This is a 17.08% increase over sales of $1.77 billion the same period last year.

Foot Locker shares were trading up 1.84% at $27.69 on Friday during the time of publication. The stock has a 52-week high of $47.86 and a 52-week low of $17.46.