Foot Locker Inc. (FL) reported first quarter EPS of $0.91 Friday morning, excluding costs related to the pending acquisition of Runners Point Group. The consensus estimate was for EPS of $0.88. Sales grew 3.8 percent to $1.64 billion from $1.58 billion in the previous year. The consensus estimate was for revenues of $1.63 billion.
Foot Locker gapped open sharply lower Friday and has continued to decline in early trade. Shares are now down 2.84 at $32.84. The stock has fallen to a 1-month low and has dropped below both its 50 and 200-day moving averages.
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