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.
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