You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Red Sox Live

6

9

▲  8th Inning 1 outs

Market Movers

Higher expenses hurt Foot Locker profits

Foot Locker said profit reached $104 million.

Bloomberg News/File

Foot Locker said profit reached $104 million.

Continue reading below

Foot Locker Inc. said fiscal third-quarter profit slipped 1.9 percent as the athletic apparel retailer’s higher expenses masked growth in same-store sales, which rose 4.1 percent in the period. That continues a growth trend that has lasted for several years and tops analyst estimates. Foot Locker in July acquired Germany specialty athletic store and online retailer Runners Point Group for about $254 million. For the quarter, Foot Locker posted a profit of $104 million, down from $106 million a year earlier. Sales grew 6.4 percent to $1.62 billion. Analysts expected earnings of 66 cents a share on sales of $1.57 billion.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.