Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Foot Locker
So what: Foot Locker blew past all estimates propelled by same-store sales, which were up 12.8% in the quarter. Revenue came in at $1.45 billion and earnings per share of $0.60 easily topped the $0.44 analysts expected.
Now what: This is one of the few happy retail stories we have today, with Gap
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