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BRIEF-Foot Locker Inc Q2 sales $1.701 billion
August 18, 2017 / 10:56 AM / a month ago

BRIEF-Foot Locker Inc Q2 sales $1.701 billion

Aug 18 (Reuters) - Foot Locker Inc

* Foot Locker Inc reports 2017 second quarter results

* Q2 non-GAAP earnings per share $0.62 excluding items

* Q2 sales $1.701 billion versus I/B/E/S view $1.8 billion

* Q2 earnings per share $0.39

* Q2 earnings per share view $0.90 -- Thomson Reuters I/B/E/S

* At July 29, 2017, company’s merchandise inventories were $1,290 million, 3.7 percent lower than at end of Q2 last year

* Excluding effect of foreign currency fluctuations, total sales for Q2 decreased 4.3 percent

* Qtrly result included $50 million pre-tax litigation charge related to appeals court decision in lawsuit against co involving conversion of pension plan in 1996

* During Q2, company opened 24 new stores, remodeled or relocated 38 stores, and closed 19 stores.

* Qtrly comparable-store sales decreased 6.0 percent Source text for Eikon: Further company coverage:

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