Foot Locker (NYSE:FL): Q1 EPS of $1.36 misses by $0.02.
Revenue of $2B (+0.5% Y/Y) misses by $20M.
Excluding the effect of foreign currency fluctuations, sales increased 1.8% for the quarter.
Gross margin rate down 100 bps to 34%.
SG&A expense rate up 30 bps to 18.5%.
Merchandise inventories +1.5% Y/Y to $1.28B.
Store count -9 Q/Q to 3,354.
The Company's cash totaled $1,049 million, while the debt on its balance sheet was $127 million. The Company spent $38 million to repurchase 546 thousand shares during the quarter and paid a quarterly dividend of $0.31 per share.
Forward P/E in the 12ish, net profit margin at 8%. For comparsion Amazon fwd P/E is in the 80ish and net profit margins are below 2%
Submitted May 19, 2017 at 10:41AM by Idontg1veafu http://ift.tt/2qEYaYw
