Foot Locker, Inc. Reports 2010 Fourth Quarter Results

Foot Locker, Inc. FL, today reported financial results for its fourth quarter and full year ended January 29, 2011. The Company reported net income of $57 million, or $0.36 per share, for the fourth quarter of 2010. Excluding the net charges in both years, fourth quarter non-GAAP net income was $61 million, or $0.39 per share, in 2010 versus $39 million, or $0.24 per share, in 2009. For the fiscal year, the Company reported net income of $169 million, or $1.07 per share. These results included the fourth quarter net charges of $4 million ($0.03 per share).