Also in the fourth quarter, the company expects its net income to be enhanced by approximately $6 to $9 million, or $0.04 to $0.06 per share, resulting from a reduction of its income tax valuation allowance due to actions taken to utilize international tax loss carry forwards.
The company currently expects its fourth quarter net income per share from continuing operations to be in the range of $0.60 to $0.63.
Foot Locker Inc is a specialty athletic retailer that operates approximately 4,000 stores in 20 countries in North America, Europe and Australia. Through its Foot Locker, Footaction, Lady Foot Locker, Kids Foot Locker and Champs Sports retail stores, as well as its direct-to-customer channel Footlocker.com/Eastbay, the company is the leading provider of athletic footwear and apparel.
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