New York – Foot Locker Inc. had a successful first quarter of fiscal 2014, with rising sales driving solid net income performance. Net income grew 17% to $162 million, from $138 million in the first quarter of fiscal 2013.
Net sales rose 14% to $1.87 billion, from $1.64 billion. Same-store sales climbed 7.6%.
"We are off to a great start in 2014, with our first quarter results representing the highest quarterly sales and profits in our history as an athletic company, for the third consecutive year," said Ken C. Hicks, chairman of the board and CEO. "Every person in our company is playing an important role in producing our current strong performance, bringing passion, energy, and excellence to the execution of our strategies and initiatives as we work towards the achievement of our long-term financial and operational objectives."