With Foot Locker (FL) putting up a solid quarter this week, Wall Street's concerns over slowing sales have been put to rest. Hurricane Sandy has affected inventories as well as future comp prospects, but we think Foot Locker still has potential for further upside in performance through year-end. We’re targeting $3 earnings per share for next year and think it’s entirely possible for Foot Locker to do that while still growing margins. We remain bullish on FL.
