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Article Date: February 2017
Word Count: 703

Foot Locker Has Strong Q4, but Taxmas Delay Hits Q1

Net income jumped 20% to $189 million from $158 million for the final quarter ended Jan. 28 on a 5% increase in sales to $2,113 million compared to $2,007 million last year, driven by a 5.0% comp store sales gain. The quarter’s results were helped by a net $7 million tax benefit this year against a $5 million charge against Runners Point Group last year. The ongoing momentum produced another banner year for Big Foot, which saw net income rise 23% to $664 million against $541 million on a 5% sales hike to $7,766 million vs. $7,412 million with EBIT ... Log in to view full article.


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