Foot Locker (NYSE:FL) announced that profits increased by 61 percent due to higher sales at existing stores as well as strong results from new stores. The company earned $106 million, or 69 cents per share, up from $66 million, or 43 cents per share, in the same period last year. Revenue increased by 9.3 percent to $1.52 billion from $1.39 billion. Analysts had expected a profit of 54 cents per share and $1.47 billion in revenue.
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