• Q4 adjusted net profit up 41% to US$84m
  • Sales up 7.9% to $1.502bn
  • Comparable store sales up 7.5%

Sports retailer Foot Locker is ahead of schedule on its five-year plan after a 41% hike in underlying fourth quarter net profit, engineered by a 7.9% revenue rise.

The performance in the period ending 28 January helped the US company to post a full-year adjusted net profit of $281m, up 65%, on an 11.4% sales rise to $5.623bn and a 9.8% comps increase.

“The strategies our team identified and began implementing two years ago have elevated our financial and operational performance to new heights,” said Ken Hicks, Foot Locker chairman and CEO.

“We approached or surpassed many of the financial goals the organisation set for ourselves in just the second year of our current five-year plan.”