Foot Locker Reports Earnings; Shares Higher in the After-Hours (FL)

Foot Locker Inc. FL, a global retailer of athletic footwear and apparel, is trading higher in the after-hours trade after the company reported earnings that beat the Street. Foot Locker said that Q1 EPS came in at $0.34 per share on $1.28 billion in revenue. The Street was looking for $0.28 per share on revenue of $1.26 billion. Revenues rose by 5.3% year over year. The company said that they closed 29 stores during the quarter and that merchandise inventory ended down 7.4% or $1.15 billion. The company said that their cash position ended the quarter at $616 million. Shares are higher by 5.95% in the after-hours, currently at $14.24.