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Foot Locker fiscal Q3 profit climbs 16.0% YOY

Foot Locker Inc. said its normalized net income for the fiscal third quarter ended Oct. 31 amounted to 96 cents per share, compared with the S&P Capital IQ consensus estimate of 95 cents per share.

EPS climbed 20.0% year over year from 80 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $135.6 million, an increase of 16.0% from $116.9 million in the third quarter ended Nov. 1, 2014.

The normalized profit margin increased to 7.6% from 6.8% in the year-earlier period.

Total revenue climbed year over year to $1.79 billion from $1.73 billion, and total operating expenses increased on an annual basis to $1.58 billion from $1.54 billion.

Reported net income fell 32.8% on an annual basis to $80.3 million, or 57 cents per share, from $119.5 million, or 82 cents per share.