On Nov. 16, Foot Locker
- Revenues increased marginally to $1.43 billion despite a 0.3% decline in comparable-store sales.
- Net profit remained flat at $65 million, on account of a marginal deviation in company's sales.
- During the quarter, the company repurchased $38 million of its 8.5% bonds, due in 2022, at a $2 million discount to face value.
- During the third quarter, the company opened 57 new stores, relocated 49 stores, and closed 16 stores.
- See what other investors are saying about Foot Locker at Motley Fool CAPS, the Fool's new stock-rating community.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$1,430 |
$1,408 |
1.6% |
|
Net Profit |
$65 |
$66 |
(1.5%) |
|
EPS* |
$0.42 |
$0.41 |
2.4% |
|
Diluted Shares |
156.8 |
157.4 |
(0.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 | Q3 2005 | Change* | |
|---|---|---|---|
Gross Margin | 29.5% | 30.5% | (1.0) |
Operating Margin | 7.1% | 7.2% | (0.1) |
Net Margin | 4.6% | 4.7% | (0.1) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $263 | $390 | (32.6%) |
Accounts Rec. | No Data | No Data | No Data |
Inventory | $1,473.0 | $1,400.0 | 5.2% |
Liabilities | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Accounts Payable | $356 | $451 | (21.1%) |
Long-Term Debt | $235 | $345 | (31.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Not provided. (Whatever.)
Find out why Fools always follow the money.
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