New York-based specialty athletic retailer Foot Locker (FL) Friday released the financial results for the second quarter ended July 28, 2012, reporting net income of $59 million, or $0.39 per share, for the second quarter, higher than net income of $37 million, or $0.24 per share, reported for the corresponding quarter last year.
On average, 13 analysts polled by Thomson Reuters expected earnings per share of $0.33 for the second quarter. Analysts' estimates typically exclude one-time items.
Total sales for the second quarter increased 7.20 percent to $1.367 billion, from $1.275 billion for the same period in the previous year. Comparable-store sales rose 9.8 percent. Excluding the effect of foreign currency fluctuations, total sales improved 10.6 percent. Eleven analysts estimated revenue of $1.35 billion for the quarter.
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