Foot Locker, Inc. reported sales for the 13-week period ended January 29, 2005 of $1.54 billion, versus $1.33 billion in the comparable period last year, an increase of 15.1%. For this same 13-week period, comparable store sales increased 2.5%.
For the 52-week period fiscal year ended January 29, 2005, sales increased 12.0% to $5.36 billion from $4.78 billion in the Company’s corresponding period last year. For the same 52-week period, comparable-store sales increased 0.9%.
Excluding the effect of foreign currency fluctuations, total sales for the 13-week and 52-week periods increased 12.9% and 9.8%, respectively.
“Fourth quarter comparable-store sales were in line with our expectations and reflected a significant improvement in results during the final six weeks of the period,” stated Matthew D. Serra, Foot Locker, Inc.’s Chairman and Chief Executive Officer. “Both our U.S. and international stores contributed to this improving sales trend, which continued throughout the month of January. We currently expect our fourth quarter diluted earnings per share from continuing operations to increase 10 to 15 percent versus the comparable period of last year, within our previous guidance.”
