Shares of Foot Locker Inc. FL,
up 16% in pre-market transactions on Monday, after the shoe and sporting equipment retailer said it expected to report surprise profits in the second fiscal quarter, due to the reopening of The store helped skyrocket sales. The company expects net earnings per share to be 38 cents to 42 cents, down from 55 cents a year ago. Excluding non-repeat items, the company expects to report EPS corrected from 66 cents to 70 cents, while the FactSet consensus is a loss per share of 60 cents. The company said its same-store sales for the quarter were up about 1
has increased by 3.7%.