Foot Locker, Inc. reported sales for the third quarter of $1.43 billion, up 1.6% from last year's $1.41 billion. Comparable store sales decreased 0.3%, with a high-single-digit comparable-store sales decline in Europe nearly offsetting comp store sales gains in the low- to mid-single-digit range in each of the companys North American and Asia/Pacific retail store divisions. Excluding the effect of foreign currency fluctuations, total sales for the quarter increased 0.4%.
Foot Locker, Inc.'s Chairman and CEO Matt Serra said that the comp store sales trend in Europe “improved somewhat” during the month of October from the previous two months. He also said that Foot Locker Europe's third quarter division profit margin rate is expected to be “strong at the low double-digit level.”
FL expects that earnings for the third quarter will be in the range of 39 cents to 41 cents per share, in line with the guidance provided at the beginning of the quarter.
Shoe Carnival, Inc. saw sales total $189.1 million for the third quarter, an increase of 3.5% over last years $182.7 million, while comp store sales increased 2.9% in the period on top of an 8.3% improvement in the same period last year. Last years comps were driven by gains in both athletic and non-athletic, but the gains this year came exclusively out of the non-athletic business. SCVL reports the fashion athletic category through the casual segment of their business. Comps were up 7% in non-athletic categories, while atheltic remained flat to last year, thanks to the kids business.
The womens non-athletic business was up “just into double-digits” and mens non-athletic was up in low-singles. The childrens business, which includes childrens athletic, was up in the high-single-digits, but the mens and womens athletic business was down in low-singles versus last year.
Based on the third quarter sales results, the company increased its diluted earnings per share expectations to a range of 60 cents to 61 cents for the period. SCVL opened eight stores and closed three during the third quarter.
DSW, Inc. comparable store sales increased 2.6% for the quarter ended October 28, while net sales increased 9.9% to $332.2 million from $302.2 million for year-ago period. Comparable store sales increased 3.0% for the year-to-date period and net sales increased 10.4% to $950.0 million from $860.3 million for the same period last year.