Foot Locker posts sales increase beating expected growth rate

Growth | Latest News | Retail | Sport

Foot LockerFoot Locker has reported a sales increase of 4.8% in its latest financial results, beating expected growth by industry experts.

The sports retailer posted sales of $1.78bn (£1.39bn) in its second quarter results as net income also climbed to $88m (£68m), compared to just $51m (£40m) in the same period last year.

A Foot Locker statement said: “Our performance reflects the work we are doing on several fronts to position the company to succeed in a rapidly evolving retail environment,” said Richard Johnson, chairman and chief executive.

“We remain optimistic that our improving product flow and depth in premium styles positions us to deliver stronger comparable sales growth in the second half of 2018.”

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