The New York-based specialty athletic retailer, Foot Locker, Inc. (NYSE:FL), announced on Friday its financial results for its third quarter.
The firm reported that its net income for the firm’s three months ended October 27, 2012 was $106M, or $0.69 a share, contrast with net income previous year of $66M, or $0.43 a share. Third quarter sales surged 9.3%, to $1,524M this year, evaluated with sales of $1,394M for the corresponding previous-year period.
As the Q3 similar-store, sales surged 10.2%, which consisted of a 9.4% rise in store sales and an 18.3% increase in direct-to-customer sales. Without the effect of foreign currency variations, total sales for the Q3 rose 11.0%.
Foot Locker, Inc. (NYSE:FL) opened at $33.80 with 151.02 million outstanding shares and touch its highest price of $34.06 of the day and then traded at $33.39 by scoring +4.84% at time 10:38AM EST, as in the current session stocks gain volume of 1.87 million shares which is higher than its average volume.
As the owner ship concerns stocks institutional ownership remained 93.19% while insider ownership included 0.71%. The share capital of FL has 151.02 million outstanding shares amid them 149.78 million shares have been floated in market.
For investors focus on the performance of the stocks so the FL showed weekly behind performance of -0.87% which was maintained for the month at -9.52%. Correspondingly the negative performance for the quarter was remained -7.25% and the year to date performance halted at +36.75%.
As the moving toward the returns measures returns on Investment ratio is significant measure which investor should have in consideration, the FL as compare to its rivals has MGM Resorts International (NYSE:MGM)’s ROI -2.02%, Sirius XM Radio Inc (NASDAQ:SIRI)’s ROI +56.35%, News Corp (NASDAQ:NWSA)’s ROI 5.97%, Comcast Corporation (NASDAQ:CMCSA)’s ROI +6.01%.
Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. While reading this article one must assume that we may be compensated for posting this content on our website.