New York-based sporting goods retailer Foot Locker improved its total sales by 13.5 percent (in constant currencies: 12.6 percent) to nearly $3.51 billion in the first six months ended Aug. 2 over last year’s first half. Like-for-like sales went up by 7.3 percent. Net profit jumped to $254 million compared with $204 million twelve months before.
Results for the second quarter alone were even better: Turnover went up to $1.64 billion from from $1.45 billion. Sales increased by 12.9 percent in U.S. dollars and by 11.7 percent in local currencies. On a comparable basis, Foot Locker improved its sales by 7.0 percent. Net income was up by $26 million to $92 million. The gross margin gained 0.8 percentage points to 32 percent.
“The team at Foot Locker once again achieved record levels of sales and profits in the second quarter, and I am extremely proud of their efforts.”
Ken C. Hicks, Chairman of the Board and Chief Executive Officer, Foot Locker
As of Aug. 2, Foot Locker ran 3,460 own stores in 23 countries across North America, Europe and Oceania. It opened 14 new outlets, shut down 18 and revamped or moved 112. In addition, the company counted 47 franchised Foot Locker doors in Asia and 27 partner stores of Runners Point and Sidestep in Germany and Switzerland.