USA: Foot Locker Sees Continued Earnings Growth
Sportswear and athletic shoe chain, Foot Locker Inc, has reiterated its 2002 earnings outlook and said it expects to earn 22-24 cents per share during the second quarter of 2002 - up 10-20 per cent on last year's figures.
The New York-based company's president and CEO, Matthew Serra, told shareholders at its AGM that it sees continued earnings growth and for the full-year expects to earn $1.12 to $1.15 per share - a gain of up to 17 per cent over 2001.
"Continuing to build shareholder value remains our paramount goal, and we are committed to delivering on our financial objectives," Mr Serra commented.
"We are off to an encouraging start in 2002, and we believe that, despite the difficult economic environment in which we are operating today, our strategic initiatives will drive our sales and earnings and provide meaningful value to our shareholders."
Last month, the operator of around 3,600 stores reported income from continuing operations of $38 million, or 26 cents per share, compared with adjusted income from continuing operations of $34m, or 24 cents per share, in the year-ago period.
Companies: Foot Locker Inc
Help test our new apparel sourcing tool.
Foot Locker, the New York-based athletic retailer, has seen a fall in full year net income despite a strong end to the year....
Shoe retailer Footstar Inc has had its Chapter 11 reorganisation plan confirmed by the US Bankruptcy Court - and should emerge from bankruptcy on Monday 6 February....
Sports shoe chain Foot Locker has promoted two executives to lead its finance and accounting division, following the resignation of chief financial officer Bruce Hartman, who is moving to another comp...
Sports shoe chain Foot Locker's third-quarter income has been damaged 11 per cent by increased European marketing spending....
The following is a general roundup of apparel and shoe chains' October sales results. The list will be updated as new results become available....
Sports shoe chain Foot Locker has reported a rise in third-quarter sales, but warned on profit because of hurricane-related expenses....
Sports shoe retailer Foot Locker Inc has suffered a 46 per cent slump in second-quarter profit as good sales on the US market were offset by a lack of demand in Europe....
Specialty athletic retailer Foot Locker Inc has reported a 3.0 per cent rise in second-quarter sales, as a "very disappointing" performance in Europe was offset by improving sales and profit results i...
- Rana Plaza four years on – Timeline of change
- Trump and Brexit get a dose of pragmatism
- Using worker surveys to drive supply chain change
- Industry groups reaffirm commitment to Bangladesh
- Where does VF supply chain sit in growth strategy?
- Nike filed patent for "reinforced denim"
- Gap unveils five-year sustainable fibres pledge
- US textile industry applauds Trump executive order
- Pentland Brands reveals Berghaus factory list
- Adidas and Reebok top transparency index
- Global market review of denim and jeanswear – forecasts to 2022
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Clothing Market in the Top 5 American Countries to 2021 - Market Size, Development, and Forecasts
- Myanmar - ISA Country Report