Foot Locker reported its first comparable sales growth in six quarters, with a 2.6% increase, surpassing analyst expectations. The company’s gross margin expanded for the first time in over two years. CEO Mary Dillon highlighted the success of the "Lace Up Plan" and ongoing efforts to refresh stores and improve customer experience. Foot Locker also announced plans to close stores in several international markets and relocate its global headquarters to Florida by 2025. Shares have risen over 5% this year.
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00:00It's Benzinga, and here's what's on the block.
00:02Footlocker reported its first comparable sales growth in six quarters, with a 2.6 percent
00:07increase surpassing analysts' expectations.
00:10The company's gross margin expanded for the first time in over two years.
00:14CEO Mary Dillon highlighted the success of the Lace-Up plan and ongoing efforts to refresh
00:19stores and improve customer experience.
00:21Footlocker also announced plans to close stores in several international markets and relocate
00:26its global headquarters to Florida by 2025.
00:29Shares have risen over 5 percent this year.
00:31For all things money, visit Benzinga.com.