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Foot Locker Q2 net income $88 million

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Staff Writer | August 24, 2018
Foot Locker reported financial results for its second quarter ended August 4, 2018.
Foot Locker
Foot Locker   Foot Locker second quarter comparable store sales increased 0.5 percent
Net income for the company’s second quarter ended August 4, 2018 was $88 million, or $0.75 per share, compared to net income of $51 million, or $0.39 per share in the same period of fiscal 2017.

Foot Locker second quarter comparable store sales increased 0.5 percent. Total second quarter sales increased 4.8 percent, to $1,782 million this year, compared to sales of $1,701 million for the corresponding prior-year period.

Excluding the effect of foreign exchange rate fluctuations, total sales for the second quarter increased 3.9 percent.

Foot Locker gross margin rate increased to 30.2 percent from 29.6 percent a year ago, while the SG&A expense rate increased to 21.3 percent from 19.9 percent in the second quarter of 2017.


 

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