NEW YORK — Foot Locker Inc. today reported fiscal second-quarter profit of $430 million.
On a per-share basis, the company said it had net income of $4.09. Earnings, adjusted for non-recurring gains, came to $2.21 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The shoe store posted revenue of $2.28 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $2.11 billion.
Foot Locker shares have increased 34% since the beginning of the year. The stock has risen 98% in the past 12 months.