** charts before earnings **
** charts after earnings **
Foot Locker beats by $0.04, reports revs in-line; Q2 comps +4.7% :
- Reports Q2 (Jul) earnings of $0.94 per share, $0.04 better than the Capital IQ Consensus of $0.90; revenues rose 5.0% year/year to $1.78 bln vs the $1.76 bln Capital IQ Consensus.
- Q2 comparable-store sales increased 4.7%.
- Q2 gross margin rate improved to 33.0 percent of sales from 32.6 percent a year ago, while the selling, general, and administrative expense rate increased to 19.7 percent of sales from 19.5 percent.
- "Within the second quarter, we drove comparable sales gains across basketball, running, and classic footwear, as well as apparel. We also posted gains in all regions and channels in which we operate, reflecting the success of our strategic initiatives to build our Company to be an enduring retail leader with strengths across many dimensions."
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