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Stock Market & Financial Investment News

News Breaks
August 22, 2014
09:28 EDTFLFoot Locker says Q3 comparable sales to experience mid-single digit gains
Says making good progress on solid flow of inventory. Says inventory "well-positioned" for upcoming back to school and fall seasons. Still on track to close just over 100 stores this year, but some closures expected to happen at the beginning of FY15. Projecting to open 80 stores this year mostly in Europe and Kids Foot Locker, which is up from the company's initial projection of opening 60 stores. Says has experienced a high-single digit comparable sales gain so far in August. Sees Q3 SG&A improvement of 30-40 basis points. Sees Q3 gross margin up 20-40 basis points. Comments made during the company's Q2 earnings conference call.
News For FL From The Last 14 Days
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March 3, 2015
09:06 EDTFLFoot Locker volatility elevated into Q4 and outlook
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March 2, 2015
08:39 EDTFLFoot Locker fundamentals solid but negative sentiment weighs, says UBS
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February 18, 2015
16:41 EDTFLFoot Locker approves $220M capital expenditure program for 2015
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16:39 EDTFLFoot 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.

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