Foot Locker, Inc. (NYSE:FL)

Net income for the Company's first quarter ended May 1, 2010 was $54 million, or $0.34 per share, compared with net income of $31 million, or $0.20 per share, last year. First quarter sales increased 5.3 percent to $1,281 million, as compared with sales of $1,216 million for the corresponding prior-year period. First quarter comparable-store sales increased 4.8 percent. Excluding the effect of foreign currency fluctuations, total sales for the first quarter increased 3.0 percent.

"The strategic steps that we have taken over the past several months contributed to our improving sales trend and 70 percent earnings per share increase for the first quarter," stated Ken C. Hicks, Chairman of the Board and Chief Executive Officer of Foot Locker, Inc. "These strong results reflect the hard work of our associates worldwide who drove sales gains by providing diligent customer service at the store level, while managing our inventories and operating expenses effectively. As a result of their efforts, our financial results reflect a 54 percent "flow-through" of incremental sales to increased pre-tax profit versus the first quarter of last year."