Foot Locker says reiterates 'strong' outlook for the rest of the year Says so far, SSS through yesterday is up mid single digits. Says May's tracking is up mid-single digits. Says still sees quarter comps up mid single digits. Comments made during the company's Q1 earnings conference call.
Foot Locker raises dividend 14% to 25c, approves $1B share buyback Foot Locker announced that its board authorized capital allocation initiatives that "simultaneously provide meaningful returns to shareholders and maintain a significant investment in its business operations." The board declared a quarterly cash dividend on the company's common stock of 25c per share, which will be payable on May 1 to shareholders of record on April 17. This dividend declaration represents a 14% increase over the company's previous quarterly per-share amount. The board also approved a new 3-year, $1B common share repurchase program extending through January 2018, replacing the company's previous $600M program. The company spent $305M under the previous program in 2014, and as of yesterday had substantially completed the full program amount, Foot Locker said.