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US Foot Locker reports USD106m profit in Q3  Join our daily free Newsletter

MENAFN - 17/11/2012

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(MENAFN) New York-based sportswear and footwear retailer Foot Locker Inc. reported a 61 percent increase in quarterly profit, on higher sales at its existing stores and contributions from new ones, AP reported.

The company said it earned USD106 million net profit during the third quarter, up from USD66 million a year earlier.

The company also reported a 9.3 percent increase in quarterly revenue to USD1.52 billion from USD1.39 billion a year ago.

Foot Locker said revenue at stores open at least a year rose 10.2 percent and included 18.3 percent growth in direct-to-consumer sales.

Quarterly results also included a USD9 million tax benefit stemming from the settlement of a foreign tax audit.

 






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