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

Market Mover

Foot Locker sales up but stock heads lower

Foot Locker’s results also benefited from an extra week.

Emile Wamsteker/Bloomberg News/File

Foot Locker’s results also benefited from an extra week.

Continue reading below

Strong demand for basketball gear helped Foot Locker report sharply higher fourth-quarter sales, though overall results weren’t able to meet investor expectations. Foot Locker reported a 28 percent increase in profit from last year, as double-digit sales growth helped offset higher impairment charges. Earnings per share of 68 cents, however, missed analysts’ expectations, while revenues beat their estimates. The New York firm’s net income was $104 million, up from $81 million last year.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
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
Marketing image of