Foot Locker, Inc. (FL Quick QuoteFL - Free Report) , the operator of athletic shoes and apparel retailer, came out with second-quarter fiscal 2016 results, wherein earnings of 94 cents a share beat the Zacks Consensus Estimate of 91 cents, and jumped 12% year over year.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2016 has been stable over the past 30 days. In the trailing four quarters (excluding the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 7.8%.

Revenues: Foot Locker generated total revenue of $1,780 million that increased 5% year over year, and came above the Zacks Consensus Estimate of $1,764 million. Comparable-store sales jumped 4.7% during the quarter.

Key Events: During the quarter under review, Foot Locker opened 23 new outlets, remodeled or relocated 64 outlets, and shuttered 18 outlets. As of Jul 30, 2016, the company operated 3,401 outlets. During the quarter, the company repurchased 3.35 million shares of worth $188 million.

FOOT LOCKER INC Price, Consensus and EPS Surprise

 

FOOT LOCKER INC Price, Consensus and EPS Surprise | FOOT LOCKER INC Quote

Zacks Rank: Currently, Foot Locker carries a Zacks Rank #3 (Hold), which is subject to change following the earnings announcement.

Stock Movement: Foot Locker’s shares are up nearly 4.5% during pre-market trading hours following the earnings release.

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