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FL Market Currents
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Friday 9:27 AM Shares of Foot Locker (FL) pick up more steam in premarket trading following the company's solid earnings beat, and are now up 12.8%. Key margin gains and sales momentum appear to be the rallying points for investors.
Comment![On the Move, Consumer]
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Friday 9:05 AM Premarket gainers: WGO +21%. FFN +14%. QPSA +11%. OSIR +10%. FL +8%. CRM +7%. NBG +6%. YHOO +5%.
Losers: ADSK -9%. GSS -8%. [On the Move] - Friday 7:50 AM More on Foot Locker's (FL) Q1: Comparable-store sales +9.7%. Merchanise inventory fell 1.1% Y/Y to $1.146B. Total number of stores increased trimmed to 3,360 from 3,420 last year, led lower by Lady Foot Locker. Shares +1.4% premarket. (PR) [Earnings, On the Move]
- Friday 7:34 AM Foot Locker (FL): Q1 EPS of $0.83 beats by $0.09. Revenue of $1.58B (+8.7% Y/Y) beats by $30M. Shares +1.5% premarket. (PR) [Earnings, On the Move]
- Friday 12:05 AM Notable earnings before Friday’s open: ANN, DCI, FL [Earnings]
- Thursday 5:30 PM Notable earnings before Friday’s open: ANN, DCI, FL [Earnings]
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at MarketWatch.com (Fri, 5:23PM)
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at MarketWatch.com (Fri, 11:01AM)
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at CNBC.com (Fri, 8:52AM)
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Company Description
Foot Locker, Inc., incorporated under the laws of the State of New York in 1989, is a leading global retailer of athletic footwear and apparel, operating 3,641 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand as of January 31, 2009.
The Company... More
