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Article Date: March 2018
Word Count: 670

Foot Locker Has Q4 Loss on Charges, Lower Comps

The loss of $49 million against income of $189 million for the 14-week final quarter was hit with an additional $148 million pre-tax charge related to the loss of an appeal on an old pension liability dispute, $99 million from the tax code changes and $20 million in impairment charges related to Runners Point and Six:02. Sales for the quarter rose 5% to $2,210 million from $2,113 million with a 3.7% comp store decline offset by the extra week of sales and FX gains of $50 million. Adjusted for the one-time items and the extra week, net income would have ... Log in to view full article.


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