Foot Locker Soars to Highest Since May 2017 on Strong Sales

Mar 01 2019, 1:26 PMMar 01 2019, 2:53 PMMarch 01 2019, 1:26 PMMarch 01 2019, 2:53 PM

(Bloomberg) -- Foot Locker Inc. shares jumped as much as 14 percent to the highest since May 2017 after the athletic-shoe retailer posted results that blew away estimates.

Comparable-store sales rose 9.7 percent, more than twice what analysts predicted. Excluding some items, earnings per share of $1.56 also topped projections.

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Foot Locker shares rose as much as 14 percent to $68 in New York trading, their highest level since May 2017.

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