In a preliminary statement that sent its stock price high, Foot Locker revealed a jump of 18 percent in same-store sales during its third quarter ended on Aug. 1. Analysts had forecast a loss for the company, but Foot Locker indicated that it may have even beaten the $60 million profit it had reported for the year-ago period on an adjusted basis, in spite of a lower gross margin. This would exclude charges of $19 million related to the shutdown of Runners Point in Germany and $18 million due to the social unrest that followed the killing of George Floyd. Foot Locker mentioned pent-up consumer demand for its assortment after its stores reopened and a continued momentum across its digital channels.