GAAP net income improved to $172 million, or $1.52 per share, from $165 million, or $1.38 per share, in the prior-year period. Adjusted EPS was $1.53.
At quarter-end, merchandise inventories totaled $1.21 billion, up 0.1% from the prior-year period. In constant currency, inventory growth was 1.7%.
During the first quarter, Foot
Locker opened 14 new stores, remodeled or relocated 13 stores, and closed 34
stores. As of May 4, 2019, the company operated 3,201 stores in 27
countries in North America, Europe, Asia, Australia, and New Zealand. There
were also 119 franchised Foot Locker stores operating in the Middle East, as
well as 10 franchised Runners Point stores in Germany.
Foot Locker expects full-year 2019 EPS to be up high-single
digits based on the share repurchase activity to date.
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