RTTNews | Feb 26, 2021 07:04AM EST

07:03 Friday, February 26, 2021 (RTTNews.com) - Specialty athletic retailer Foot Locker, Inc. (FL) reported Friday a fourth-quarter net income of $123 million or $1.17 per share, lower than $134 million or $1.27 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $1.55 per share, compared to $1.63 per share in the year-ago quarter.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $1.35 per share for the quarter. Analysts' estimates typically exclude special items.

Total sales for the quarter decreased 1.4 percent to $2.19 billion from $2.22 billion in the same quarter last year. Excluding the effect of foreign exchange rate fluctuations, total sales decreased 3.0 percent. Comparable-store sales decreased 2.7 percent. The Street was looking for revenues of $2.29 billion for the quarter.

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