Foot Locker, Inc. (FL) on Friday reported first-quarter net income of $138 million or $0.90 per share, compared with $128 million or $0.83 per share in the year-ago quarter.
Excluding the $1 million transaction costs related to the pending acquisition of Runners Point Group, non-GAAP earnings per share were $0.91 in the recent quarter.
On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $0.88 per share for the quarter. Analysts' estimates typically exclude special items.
Quarterly sales grew 3.8 percent to $1.64 billion from $1.58 billion in the corresponding prior-year period. Excluding the effect of foreign currency fluctuations, total sales for the latest quarter was up 4.1 percent.
First quarter comparable-store sales increased 5.2 percent. Analysts estimated revenue of $1.63 billion for the period.
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