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What: Shares of retail shoe slinger Foot Locker
So what: For the quarter that ended in April, Foot Locker managed some pretty nice-looking numbers. Revenue was up 8.7% year over year to $1.6 billion on a strong 9.7% jump in same-store sales. On the bottom line, the $0.83 in per-share profit was a 38% increase from 2011 and easily above the $0.74 that Wall Street analysts had estimated.
Now what: Foot Locker may not have the cachet of a certain social network that went public today, but investors may want to keep an eye on this company. A lot appears to be going right here as the company makes itself more efficient at home while growing overseas. Margins are increasing and shares are trading at reasonable 14 times expected fiscal-year earnings.
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Fool contributor Matt Koppenheffer has no financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter, @KoppTheFool, or on Facebook. The Fool’s disclosure policy prefers dividends over a sharp stick in the eye.