Fitness financials: Foot Locker reports loss in Q4, plus Wal-Mart

Foot Locker reported a loss in Q4, and Wal-Mart's same-store sales were up for February.
Author:
Updated:
Original:

Foot Locker reports loss in Q4

Foot Locker (NYSE: FL) said it posted a loss for the fourth quarter on one-time items, including impairment charges, store-closing program costs and an income tax valuation allowance.

Loss for the quarter ended Jan. 31 totaled $126 million, or $0.82 per share, compared with net income of $72 million, or $0.46 per share, a year earlier. Excluding one-time items, net income totaled $0.24 per share.

Sales dropped 11 percent to $1.32 billion from $1.48 billion a year earlier.

"Our fourth-quarter sales reflected a very challenging external environment, as consumer spending weakened and mall traffic declined," said Matthew D. Serra, the company's chairman and CEO, in a statement.

For the year, the company posted a loss of $81 million, or $0.53 per share, compared with a profit of $38 million, or $0.24 per share, last year.

Sales were down 4 percent to $5.24 billion from $5.44 billion last year.

Foot Locker said the year-earlier results were changed because the company found it incorrectly calculated income tax expense in 2007. The company added that it plans to provide final figures when it files its annual report on or before April 1.

The company said in 2009 it will decrease capital spending and cut expenses and inventory due to the weak retail environment, but did not give specific guidance.



Wal-Mart same-store sales up for February


Wal-Mart Stores (NYSE: WMT) said February same-store sales rose 5.1 percent on increases in both traffic and the average amount spent per transaction.

Total sales for the month rose nearly 3 percent to $30.02 billion from $29.19 billion last year.

--Compiled by Wendy Geister

For more information about any public company on this page or its financial reports, as well as to view stock prices updated every 15 minutes, visit the SNEWS® Stock Market Updates. Click on: www.snewsnet.com/cgi-bin/snews/stock_report.html.

Related

Fitness financials: Nautilus stock drops 6 percent on analyst downgrade, plus Everlast, Crocs, Town Sports Int'l, adidas/Reebok, Foot Locker, Finish Line, Amer, Costco, Wal-Mart

Nautilus stock drops 6 percent on analyst downgradeAfter being downgraded from "buy" to "neutral" by Merriman Curhan Ford on March 3, shares of Nautilus (NYSE: NLS) fell $0.96, or 6 percent, to $15.14 in midday trading on the New York Stock Exchange, closing the day at $15.12. ...read more

Fitness financials: Nautilus sees leap in Q4 profit, shares up on analyst “buy” rating, plus Hibbett, Gaiam, Sport Chalet, Nike, Foot Locker, Costco, Wal-Mart

Nautilus sees leap in Q4 profit, shares up on analyst 'buy' ratingNautilus' (NYSE: NLS) fourth-quarter income rose more than sixfold, leaping to $12.9 million, or $0.41 per share, from about $2 million, or $0.06 per share, during the year-ago period. That, plus a "buy" rating on ...read more

Fitness financials: Dick's comp store sales up 1.1 percent, plus Nautilus, TSI, Saucony/Hind, Gaiam, Foot Locker, Finish Line, Amer Group, Costco, Wal-Mart, Sears

Dick's reports 4Q, FY04 earningsDick's Sporting Goods (NYSE: DKS) saw its fourth quarter net income shoot up to $43.4 million, or $0.81 per share, from $26 million, or $0.50 per share, in the 2003 fourth quarter. Results include the operating results for the recently purchased ...read more

Fitness financials: Nautilus Q3 net sales up, lowers Q4 guidance, plus adidas, Sara Lee, Everlast, Under Armour, Puma, Foot Locker, Amer, Costco, Wal-Mart

Nautilus touts 33 percent gain in net sales but 4Q expectations lowerWhile Nautilus' (NYSE: NLS) third-quarter sales were up 33 percent and profit increased 11 percent, the forecast for its fourth-quarter was lower than analyst expectations. The increase in sales includes sales ...read more

Fitness financials: Town Sports Q4 profit surges more than five times, plus Accell Group, Iconix, adidas, Big 5, Stride Rite, Foot Locker, Finish Line, Health Fitness, Brunswick, Wal-Mart, Costco

Town Sports Q4 profit surges more than five timesTown Sports International (Nasdaq: CLUB) reported its fourth-quarter profit rose more than fivefold, reportedly driven by growing membership revenue and ancillary club revenue. Net income climbed to $6.6 million, or $0.25 per ...read more

Fitness financials: Accell Group sales boosted by acquisitions, plus Precor-parent Amer Sports, Sara Lee/Champion, Everlast, Gaiam, Foot Locker, Costco, Wal-Mart

Accell Group sales boosted by acquisitionsThe Netherlands' Accell Group, parent of Tunturi and recent acquirers of Wynne International, reported that sales for the first half of 2005 were up 5 percent to Euro 213.8 million (USD $264 million) compared to Euro 204.3 million (USD ...read more

Fitness financials: Everlast on way to $1 billion annual sales, plus Wal-mart, Sears, Foot Locker, Finish Line

>> On June 4, George Q Horowitz, chairman and CEO of Everlast Worldwide Inc. (Nasdaq: EVST ), told attendees at the company's annual meeting the company is getting closer to its goal of $1 billion in retail sales. "We are on our way to achieving our goal of $1 billion in retail ...read more

Fitness financials: Precor-parent Amer expects 2004 growth, plus Dick's Sports, Life Time Fitness, Hibbett, Foot Locker, Equinox, Wal-Mart

Precor parent Amer expects 2004 growth; fitness division has strong salesGrowth in net sales in Amer Group's fitness equipment division lead by Precor was 18 percent over the same period last year, while total company sales were down slightly to Euro 519.1 million (USD $642 ...read more

Fitness financials: Precor drives Amer Sports growth, plus Nautilus, Bally, Sports Authority, Crocs, Gaiam, Foot Locker, Wal-Mart, Costco

Amer's Precor posts 17 percent sales increaseDriven by "particularly good growth" with its Precor business segment, Amer Sports reported net sales growth of 8 percent for the January to March first quarter -- Euro 417.4 million (USD $527.4 million) in 2006 compared to Euro 385.0 ...read more