20.05.2016 - Foot Locker's revenue increased by 3.7%
Share price of Foot Locker may show an increase of 20-25% till the end of the year following the negative dynamics in the last three months. The company reported its results for the 1st quarter of this year, and sales in the company’s stores increased by 2.9%, compared to the forecasted increase of 4.5%. At the same time, buyers will probably accelerate growth through the development of products range and expansion in foreign markets. The company's profit for the quarter totaled 191 million dollars against 184 million dollars in the 1st quarter of last year. Revenue rose by 3.7% to 1.99 billion dollars. Our medium-term outlook remains positive, despite a possible drop in the coming weeks.