Foot Locker, Inc. reported sales for the 13-week period ended January 31, 2004 of $1,333 million, versus $1,214 million in the comparable period last year, an increase of 9.8%. Comparable store sales for the Company's 2003 fourth quarter increased 3.9%.
For the 52-week period ended January 31, 2004, sales increased 6.0 percent to $4,778 million, from $4,509 million in the Company's corresponding period last year. For the same 52-week period, comparable store sales decreased 0.5 percent.
Excluding the effect of foreign currency fluctuations, total sales for the 13-week and 52-week reporting periods increased 5.6 percent and 2.2 percent, respectively.
“We are pleased with our fourth quarter sales results, which were in line with our initial expectations,” stated Matthew D. Serra, Foot Locker, Inc.'s Chairman and Chief Executive Officer. “Sales were particularly strong in our Foot Locker stores in the United States, which benefited from exciting new products from our suppliers. We currently expect our 2003 fourth quarter earnings to be at the high end of our previously stated range of $0.41-to-$0.45 per share.”
