Foot Locker, Inc. (FL - Snapshot Report), the operator of athletic shoes and apparel retailer, came out with first-quarter fiscal 2015 results, wherein earnings of $1.29 per share came ahead of the Zacks Consensus Estimate of $1.22, and jumped 16.2% year over year.

Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2015 has remained unchanged over the past 30 days, while the Zacks Consensus Estimate for fiscal 2016 has been portraying an uptrend in the same period. In the trailing four quarters (including the quarter under review), the company has outperformed the Zacks Consensus Estimate by an average of 10.4%.

Revenues: Foot Locker generated total revenue of $1,916 million that increased 2.6% year over year, but fell short of the Zacks Consensus Estimate of $1,922 million. Comparable-store sales jumped 7.8% during the quarter.

Key Events: During the quarter, Foot Locker opened 37 new outlets, remodeled or relocated 55 outlets, and shuttered 41 outlets.

Zacks Rank: Currently, Foot Locker carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement.

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