Foot Locker released its third quarter financial results on Friday morning, posting higher earnings and revenue, which came in above analysts’ estimates.
Inside FL’s Q3 Results
Earnings
The company reported earnings of $120 million, or 82 cents per share, up from $104 million, or 70 cents per share, in the same quarter a year ago. On average, analysts expected to see earnings of 76 cents per share.
Revenue
Revenue rose to $1.73 billion from $1.62 billion last year. Analysts expected to see revenue of $1.72 billion.
Mutual Funds to Watch
For investors seeking exposure to Foot Locker (FL) without purchasing the individual stock, the mutual funds below may be considered. The three funds mentioned currently have the largest stake in the company.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| OAKBX | Oakmark Equity & Income | 5.11% |
| VTSMX | Vanguard Total Stock Market Index | 1.67% |
| JVMAX | JHancock Disciplined Value Mid Cap | 0.96% |
The Bottom Line
The three mutual funds mentioned above allow investors to be exposed to a diverse bundle of stocks in a number of industries. Although there are a number of holdings in these funds, significant events such as earnings releases are very important for investors to be aware of. Investors that are considering Foot Locker may also be interested in Nike (NKE), Finish Line (FINL) and Under Armour (UA).