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IBD 50's Foot Locker, Ross Earnings: No Discounts

The IBD 50 ranking of leading companies trading in the U.S. pinpoints top market performers. Today's IBD 50 list includes a pair of high performing apparel retailers, Foot Locker (NYSE:FL) and Ross Stores (NASDAQ:ROST).

They're rated No. 1 and 2 in the 45-company Retail-Apparel/Shoes/Accessories group. Both carry a 92 IBD Composite Rating, meaning they've outperformed 92% of all stocks on key metrics such as sales, profit growth and stock price performance

Foot Locker

Athletic shoe maker Foot Locker is slated to report second-quarter financial results on Aug. 21. It may get a lift from back-to-school sales as parents scramble to buy brand-new shoes for their kids to wear to school.

Consensus is for Foot Locker to record earnings per share minus one-time items of 69 cents, an 8% increase from the same quarter a year ago.

If the company tops Wall Street's...