Foot Locker Sets $220 Million CapEx Program
Trying as best it can to cope with the bodacious amounts of cash it is generating, Big Foot raised its dividend 14% to 25 cents in Q1, authorized a new three-year $1 billion share repurchase program and set a CapEx program that is the same size as 2014. The share repurchase plan replaced the previous $600 million plan which Big Foot essentially has finished now with the acquisition of $305 million in shares in 2014.
Big Foot will hold an investor conference Mar. 16 at which it is expected to update its targets and strategic priorities as Dick Johnson takes over ... Log in to view full article.