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Foot Locker posts 59% Q2 profit boost Friday, 17th August 2012
Foot Locker has logged a 59 per cent rise in second quarter profits, according to reports.
For the quarter ended 28 July, the company posted a profit of USD 59 million compared to USD 37 million a year earlier.
Revenue rose 7.8 per cent to USD 1.38 billion.
Gross margin increased 31.3 per cent from 30.4 per cent.
Sales at stores open for a year or more rose 9.8 per cent. Inventory dropped 3 per cent.