Foot Locker Q4 net income $158 million, $1.14 per shareStaff writer ▼ | February 26, 2016
Foot Locker reported financial results for its fourth quarter and full year ended January 30, 2016. Q4 net income was $158 million.
Foot Locker An increase of 13 percent
Fourth quarter comparable-store sales increased 7.9 percent. Total fourth quarter sales increased 5.0 percent, to $2,007 million this year, compared with sales of $1,911 million in 2014. Excluding the effect of foreign currency fluctuations, total sales for the fourth quarter increased 8.8 percent.
For fiscal year 2015, the company reported net income of $541 million, or $3.84 per share, compared to net income of $520 million, or $3.56 per share, in 2014.
On a non-GAAP basis, earnings were $4.29 per share in 2015, an increase of 20 percent over the $3.58 per share earned on a comparable basis in 2014. In 2015 the company generated its sixth consecutive double-digit percentage increase in annual earnings per share and its fifth consecutive year of record earnings as Foot Locker, Inc.
Total sales increased 3.6 percent in 2015 to $7,412 million, the highest level of sales ever recorded by the company as Foot Locker, Inc., compared with sales of $7,151 million in 2014. Comparable-store sales increased 8.5 percent in 2015.
The company’s merchandise inventory at January 30, 2016 was $1,285 million, which was $35 million, or 2.8 percent, higher than at the end of last year.
At year-end 2015, the company’s cash and cash equivalents totaled $1,021 million, while the debt on its balance sheet was $130 million. During the fourth quarter of 2015, the company repurchased 1.64 million shares of its common stock for $103 million.
For the full year, the company repurchased approximately 6.7 million shares for $419 million. ■