Foot Locker Q3 Profit Beats Estimates; Comps. Up 7.7%

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New York-based specialty athletic retailer, Foot Locker, Inc. (FL) delivered a strong top- and bottom-line performance in the third quarter, surpassing analysts' estimates. The company's gross margin rate decreased to 30.9 percent from 32.1 percent a year ago. Comparable-store sales increased by 7.7 percent. Given the ongoing uncertainty due to COVID-19, the company is not providing full-year 2020 guidance.

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