Foot Locker reports EPS in-line, revs in-line :
- Reports Q1 (Apr) earnings of $1.39 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $1.39; revenues rose 3.7% year/year to $1.99 bln vs the $2 bln Capital IQ Consensus.
- Q1 basketball comps down mid single digits.
- First quarter comparable-store sales increased 2.9 percent. Company's gross margin rate remained stable year-over-year at 35.0% of sales.
- "We are focused on productivity as we work to drive top line sales, and we remain confident that we can achieve a mid-single digit comparable sales gain and a double-digit earnings per share increase for 2016." (FY16 EPS Capital IQ consensus +10.7% YoY).
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