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Foot Locker Q3 sales increased 9.0 percent

Christian Fernsby |
Foot Locker delivered a strong performance in the third quarter.


The company's gross margin rate decreased to 30.9 percent from 32.1 percent a year ago.

Comparable store sales increased by 7.7 percent.

Given the ongoing uncertainty due to coronavirus, the company is not providing full year 2020 guidance.

Third quarter total sales increased 9.0 percent, to $2.11 billion from $1.93 billion, last year.

Excluding the effect of foreign exchange rate fluctuations, total sales for the third quarter increased by 7.7 percent.

The company's cash totaled $1.39 billion, while debt on its balance sheet was $131 million.


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