• Q2 earnings up 43%
  • Gross margin widens to 32%
  • Sales climb 12.9%
Foot Locker said it achieved record levels of sales and profits in the second quarter

Foot Locker said it achieved record levels of sales and profits in the second quarter

US speciality athletic retailer Foot Locker has achieved what it claims are "record levels" of sales and profits in its second quarter.

Net income for the three months ended 2 August reached US$92m, compared with earnings of $66m a year earlier, representing an increase of 43%.

The company's gross margin rate increased to 32% of sales from 31.2% in the second quarter of 2013.

Comparable-store sales were up 7%, while total quarterly sales increased 12.9% to $1.64bn.

"The team at Foot Locker once again achieved record levels of sales and profits in the second quarter, and I am extremely proud of their efforts," said CEO Ken Hicks. "We delivered excellent financial and operational results through the outstanding execution of our strategic priorities. This continues to be a winning formula for us, and we remain committed to taking full advantage of the many opportunities we have identified - over the near, intermediate, and longer terms - to continue producing a consistent, strong performance."