Foot Locker (NYSE:FL) Announces Sales Surge 9.3% – FL, MGM, SIRI, NWSA, CMCSA

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%.

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Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).

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