Record earnings for Foot Locker

2015-06-03T00:00:00

Establishing a new quarterly record, Foot Locker reported a 16.5 percent increase in net profit to $184 million for the first quarter ended May 2. Sales went up by only 2.6 percent to $1,916 million. However, the gross margin improved by 0.4 percentage points to 35.0 percent of sales, as ...

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