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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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October 8, 2015
10:00 EDTFLOn The Fly: Analyst Initiation Summary
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07:59 EDTFLFoot Locker initiated with a Buy at Argus
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October 2, 2015
05:42 EDTFLFinish Line upgraded to Neutral from Sell at Goldman
Goldman Sachs analyst Taposh Bari upgraded Finish Line (FINL) to Neutral citing two years of share underperformance. Since Bari downgraded the shoe retailer to Sell on October 1, 2013, the stock is down 24% versus a gain of 13% for the S&P 500 Index. More negative estimate revisions are likely already being priced into shares at current levels, Bari tells investors in a research note. The analyst sees greater risk at Sell-rated Foot Locker (FL). He keeps a $20 price target for shares of Finish Line. The stock closed yesterday down 38c to $18.92.
September 30, 2015
16:18 EDTFLFoot Locker provides pension plan litigation update
Foot Locker announced that it intends to appeal a U.S. District Court decision issued late yesterday in favor of the plaintiff in the case of Osberg v. Foot Locker, Inc., et al., which involves claims related to the conversion of the company's pension plan in 1996 to a defined benefit plan with a cash balance formula. The company disagrees with the decision. Although it cannot predict the outcome of any appeal, the company continues to believe, as previously indicated in its public filings on Forms 10-Q and 10-K, that the potential plan funding implications of this decision will not have a material adverse effect on the company's consolidated financial position, liquidity, or results of operations, as a whole. Given the company's intention to appeal, no further comments on this case from the company or its executives will be available until further notice.

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