Foot Locker (FL) shares soared Thursday as the athletic shoe and apparel retailer’s first-quarter results showed its turnaround e♌fforts seem to be working.

Foot Locker reported quarterly adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.22, nearly double the consensus estimate of analysts compiled by Visible Alpha. Revenue declined 2.8% to $1.88 billion, basically in line with forecasts.

澳洲幸运5官方开奖结果体彩网:Comparable store sales dropped 1.8%, dragg🃏ed down by what the company called “continued repositioning of the Champs Sports banner.” Comparable store sales for Foot Locker and Kids Foot Locker were up 1.1%. 

Sales at Foot Locker grew 2% to $759 million. They gained 9.6% to $183 million at Kids Foot Locker, and 6.7% to $160 million at WSS. Sales plunged 18.6% to $267 million at Champsᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚ Sports.

Foot Locker CEO Says 'Lace Up Plan' Working

澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Mary Dillon explained the performance showed that the company’s “Lace Up Plan” to revamp operations is working. She credited the strong profit to “disciplined expense management and some favorable shifts in expense timing.” She also expressed optimism about the cur𝓰rent quarter, saying that Foot Locker is “well-positioned with fresh assortments as we approach the summer and Back-to-School seasons.”

The company affirmed its full-y🦂ear outlook of adjusted EPS in the range of $1.50 to $1.70, with comparable store sales higher by 1.0% to 3.0%.

Foot Locker shares were up more than 26% to $28.46 as of 10:30 a.m. ET Thursday but remain nearly 10% lower year-to-date.