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Foot Locker swings to Q3 profit
New York City -- Foot Locker on Thursday reported a profit for its third quarter on stronger margins for the retailer.
The company said it earned $52 million for the quarter that ended Oct. 30. That compares with a loss of $6 million during the same period year earlier, when the company also had $22 million in impairment charges.
Revenue rose 5% o $1.28 billion. Same-store sales were up 8.1%. -
Destination Maternity Q4 profit triples
Philadelphia -- Destination Maternity said its fourth-quarter net income tripled as cost-cutting measures paid off, even as sales in some categories fell.
The company earned almost $4.3 million for the quarter that ended Sept. 30, up from $1.4 million during the same period last year. Revenue rose slightly to $124.3 million, from $123.8 million a year earlier. Same-store sales fell 2.3%.