Katie O'Brien
0
All posts from Katie O'Brien
Katie O'Brien in Senior Content Editor,

Foot Locker Boasts High Q4 Earnings

Foot Locker (NYSE: FL) reported positive Q4 earnings according to Forbes, with shares up five percent in premarket trading. Sales went up 10.2 percent net income during the fourth quarter equaling a $1.01 per share.

“Overall it was a very strong year for Foot Locker,” CEO Richard Johnson said according to Forbes. “Along with elevating the level of investments in our stores, digital capabilities, support facilities, and – most importantly – our people, that focus has enabled us to develop into a high-performance company that has reached record heights of financial and operational success.”

Some of the most popular products include the Jordan brand, as well as shoes for basketball and running, Forbes reported.