Sports shoe chain Foot Locker's third-quarter income has been damaged 11 per cent by increased European marketing spending.

Quarterly profit totalled $66 million compared to $74m in the same period a year ago, while sales grew 3 per cent to $1.41 billion from $1.37bn last year. Same-store sales grew 2.7 per cent during the quarter.

The Footaction, Champs Sports and Foot Locker Canada chains all posted good sales, Foot Locker said.

Chairman and chief executive Matthew Serra added: "Third quarter results were negatively impacted, however, by our increased promotional activity in Europe that resulted in a reduction in our inventory growth and allowed us to compete better in certain local markets."

Net income for the year so far was $168m, the company said, compared to $204m last year. Year-to-date sales rose 7.0 per cent, while same-store sales grew 2.2 per cent.

The company presently expects fourth-quarter earnings of $0.53 to $0.61 per share, compared to $0.57 last year.