India, May 15 -- Foot Locker, Inc. (FL), a footwear and apparel retailer, Thursday reported preliminary net loss of $363 million or $3.81 per share compared with net income of $8 million or $0.09 per share in the same quarter a year ago.
Excluding one-time items, preliminary loss was $6 million or $0.07 per share compared with income of $21 million or $0.22 per share last year.
On average, 17 analysts expects loss of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Comparable sales decreased by 2.6% from the prior-year period
"Despite making ongoing progress with our Lace Up Plan, our preliminary first quarter results are below our expectations as we experienced softer traffic trends globally. We con...