Foot Locker Inc. posts 3Q loss, shares fall. Chartpoppers.com releases timely Consolidated Investment Analysis on Foot Locker Inc.
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(CHARTPOPPERS.COM, November 20, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company Foot Locker Inc. (NYSE:FL)
Foot Locker, Inc. is a global retailer of athletic footwear and apparel, which operated 3,641 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand as of January 31, 2009. The Company, through its subsidiaries, operates in two segments: Athletic Stores and Direct-to-Customers.
Recent News on Foot Locker Inc. (NYSE:FL)
Athletic shoes seller Foot Locker Inc. on Thursday reported a loss for the third quarter as consumers spent less at its stores and it wrote down the value of its assets by $22 million.
The company, based in New York, lost $6 million, or 4 cents per share, in the quarter that ended Oct. 31. That compares with a profit of $24 million, or 16 cents per share, a year earlier.
Excluding the asset charge, its adjusted profit of 10 cents per share fell short of the 13-cent-per-share prediction of analysts polled by Thomson Reuters.
Its revenue fell 7 percent to $1.21 billion from $1.31 billion. Analysts had expected $1.19 billion.
"Our success in reducing expenses and tightly managing inventory helped to offset lower-than-anticipated sales in our U.S. operations," CEO Ken Hicks said in a statement.
To view the Consolidated Investment Analysis on Foot Locker Inc. (NYSE:FL) Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of what’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Foot Locker, Inc. is a global retailer of athletic footwear and apparel, which operated 3,641 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand as of January 31, 2009. The Company, through its subsidiaries, operates in two segments: Athletic Stores and Direct-to-Customers.
Recent News on Foot Locker Inc. (NYSE:FL)
Athletic shoes seller Foot Locker Inc. on Thursday reported a loss for the third quarter as consumers spent less at its stores and it wrote down the value of its assets by $22 million.
The company, based in New York, lost $6 million, or 4 cents per share, in the quarter that ended Oct. 31. That compares with a profit of $24 million, or 16 cents per share, a year earlier.
Excluding the asset charge, its adjusted profit of 10 cents per share fell short of the 13-cent-per-share prediction of analysts polled by Thomson Reuters.
Its revenue fell 7 percent to $1.21 billion from $1.31 billion. Analysts had expected $1.19 billion.
"Our success in reducing expenses and tightly managing inventory helped to offset lower-than-anticipated sales in our U.S. operations," CEO Ken Hicks said in a statement.
To view the Consolidated Investment Analysis on Foot Locker Inc. (NYSE:FL) Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. We try to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas to a in depth coverage of what’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Contact Information:
CHARTPOPPERS
Paul Marek
Tel: 6047245332
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
CHARTPOPPERS
Paul Marek
Tel: 6047245332
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
