November 16, 2012 at 14:15 PM EST
Foot Locker, Hibbett Beat Despite Cautious Consumers
Athletic shoe and apparel retailer Foot Locker (FL) ran past third-quarter expectations, with sales rising, despite still-cautious consumers. Smaller rival Hibbett Sports (HIBB) noted strong back-to-school sales in its earnings beat, and raised guidance. "We are well-positioned to maintain this positive momentum during the upcoming holiday season," Hibbett CEO Jeff Rosenthal said in a statement. Foot Locker reported earnings of 63 cents per share,
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