Foot Locker, Inc. (NYSE:FL) said on Friday that its first-quarter profit surged 36%, sprinting past Wall Street predictions and sending the retailer’s shares increased nearly 7% before the market opened Friday.
Chairman and CEO Ken Hicks articulated that 2012 has gotten off to an outstanding start, with their Q1 results representing the uppermost level of quarterly earnings in the firm’s history.
For the quarter ended April 28, the New York firm earned $128 million, or 83 cents a share, surged from $94 million, or 60 cents a share, in the similar quarter previous year.
Sales surged 8.7% to $1.58 billion from $1.45 billion.
Turning towards the sector NIKE, Inc. (NYSE:NKE) rose +1.05%, McDonald’s Corporation (NYSE:MCD) grew +0.26%, The Coca-Cola Company (NYSE:KO) moved down -1.42%, Starbucks Corporation (NASDAQ:SBUX) dropped -0.27%, AT&T Inc. (NYSE:T) which also increased +1.11% and The Home Depot, Inc. (NYSE:HD) moved up +0.06%.
Foot Locker, Inc. (NYSE:FL) stock in last session held volume of 8.59 million shares as compare to its average volume of 2.12 million shares. The stock after opening at $31.64 hit high price of $31.83 and then closed at $30.33 by scoring +8.28%.
As the revenue measures FL generated revenue of 5.62 billion in the following twelve months income of $278.00 million. The Company showed a positive 4.94% in the net profit margin and in addition to in its operating margin which remained 7.74%. Company’s annual sales growth for the past five year was -0.45%.
The stock showed weekly upbeat performance of 4.05% which was maintained for the month at -2.13%. Likewise the positive performance for the quarter was recorded as 8.21% and for the year was 40.03% while the YTD performance remained at 28.84%.
The FL past twelve months price to sales ratio was 0.82 and price to cash ratio remained 5.41. As far as the returns are concern, the FL return on equity was recorded as 13.45% and increased 11.33% return on investment while its return on asset stayed at 9.35%.
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