Foot Locker reported third quarter comparable-store sales growing by 4.7%. Total sales in the period increased by 5.1%, totaling 1 886 million US dollars this year, compared with sales of 1 794 million US dollars for the corresponding prior-year period. Excluding the effect of foreign currency fluctuations, total sales for the third quarter increased by 5.5%.

Net income for the company’s third quarter (ended on the 29th October 2016) reached 157 million US dollars, or 1.17 US dollars per share, compared with net income of 80 million US dollars, or 0.57 US dollars per share in the same period of 2015.

“Our outstanding track record of meaningful sales and profit growth over several years is a strong testament to Foot Locker, Inc.’s solid position at the center of sneaker culture”, commented Richard Johnson, Chairman of the Board and Chief Executive Officer, adding: “Our associates work hard every day to make our company the sneaker lover’s preferred destination for the best footwear and apparel assortments across our array of outstanding athletic vendors. That work translated once again into an exceptional quarterly sales and profit performance”.

Year-to-date sales totaled 5 653 million US dollars, an increase of 4.6% compared to sales of 5 405 million US dollars in the corresponding nine-month period of 2015. Year-to-date comparable store sales have increased by 4.0%. Excluding the effect of foreign currency fluctuations, total sales year -to-date have increased by 4.9%.

Net income for the Foot Locker’s first nine months of the year increased to 475 million US dollars, or 3.50 US dollars per share, compared to net income of 383 million US dollars, or 2.71 US dollars per share, for the corresponding period in 2015.