Although net income fell 35% to $102 million from $157 million and sales were down 1% to $1,870 million from $1,886 million for the third quarter ended Oct. 28, Big Foot easily exceeded guidance and laid out some clear plans for how it expects to compete in a dynamic marketplace. The reports evidently pleased Wall Street as the stock surged over 20% on heavy trading, its biggest trading day ever. It didn’t hurt that Big Foot bought a bodacious $304 million of its own stock during the quarter, far more than expected, because it saw great value. The lift also ... Log in to view full article.