Weaker-than-expected results from Big Foot contributed to a 17% drop in net income to $315,461,000 in the second quarter, down from $381,402,000, but incremental sales from the acquisition sent revenues 53% higher to $5,586,815,000 from $3,646,616,000. Excluding $40.2 million in IEEPA tariff refunds from prior periods, acquisition-related costs, and other non-operating charges and benefits, adjusted net was down just 10% to $318,534,000 from $354,927,000.

Dick’s “Retailing 101” prescription for Foot Locker showed remarkable early returns, including a streamlined, better-merchandised “Fast Break” store model and a positive comp in Q1. But continued consumer ... Log in to view full article.