Deutsche Bank Shares Rise After Shakeup

ENLARGE Deutsche Bank managers held meetings and conference calls with employees in London, New York and Frankfurt, above. Photo: Martin Leissl/Bloomberg News By Jenny Strasburg and Jenny Strasburg The Wall Street Journal CANCEL Biography @jennystrasburg Google+ [email protected] Juliet Samuel Juliet Samuel The Wall Street Journal CANCEL Biography @CitySamuel [email protected] Oct. 19, 2015 1:46 p.m. ET 0 COMMENTS Deutsche Bank AG DB 2.48 % employees and investors on Monday positively graded the lender’s management and organizational overhaul, saying they welcomed clarity on how businesses will be judged going forward. They also said next week will be crucial to understanding Deutsche Bank’s

Foot Locker Posts Same-Store Sales Growth

Foot Locker said Friday that sales grew across all its segments and regions in its latest quarter. ENLARGE
Foot Locker said Friday that sales grew across all its segments and regions in its latest quarter. Photo: Bloomberg News

Foot Locker Inc. FL 9.96 % said sales grew across its segments and regions as profit and revenue rose in its latest quarter.

Shares climbed 4.1% to $ 64.22 in premarket trading as results topped Wall Street expectations.

In the second quarter, sales at existing stores rose 4.7%, beating the 3.9% analysts polled by Thomson Reuters had expected.

The company said it posted comparable sales growth across basketball, running, classic footwear and apparel and that the growth was broad-based, with gains across all of its regions and channels.

Results come after rivals Hibbett Sports Inc. HIBB 2.66 % beat its earnings forecast and Dick’s Sporting Goods Inc. DKS 0.50 % said the impact of the bankruptcy of Sports Authority Inc. was better-than-expected.

In all, Foot Locker reported a profit of $ 127 million, or 94 cents a share, up from $ 119 million, or 84 cents a share, in the year-prior quarter. Revenue increased 5% to $ 1.78 billion.

Analysts projected 90 cents in earnings per share on $ 1.76 billion in sales.

During the quarter, Foot Locker opened 23 new stores, closed 18 and remodeled or moved 64 stores, ending the quarter with 3,401 total stores in 23 countries.

Write to Austen Hufford at [email protected]


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