Revenue during the quarter grew 5.28 percent to $2,113 million from $2,007 million in the previous year period. Gross margin for the quarter expanded 11 basis points over the previous year period to 33.74 percent. Total expenses were 86.84 percent of quarterly revenues, down from 87.84 percent for the same period last year. This has led to an improvement of 100 basis points in operating margin to 13.16 percent.

Operating income for the quarter was $278 million, compared with $244 million in the previous year period.

"Generating our seventh consecutive year of meaningful sales and profit growth is a strong testament to Foot Locker, Inc.'s solid position at the center of sneaker culture," said Richard Johnson, chairman of the board and chief executive officer. "All credit goes to the incredibly talented team of associates we have around the world, and I want to thank them sincerely for another outstanding performance in 2016."

Working capital increases
Foot Locker, Inc. has recorded an increase in the working capital over the last year. It stood at $2,029 million as at Jan. 28, 2017, up 6.45 percent or $123 million from $1,906 million on Jan. 30, 2016. Current ratio was at 4.32 as on Jan. 28, 2017, up from 3.72 on Jan. 30, 2016.

Debt comes down marginally 
Foot Locker, Inc. has recorded a decline in total debt over the last one year. It stood at $127 million as on Jan. 28, 2017, down 2.31 percent or $3 million from $130 million on Jan. 30, 2016. Total debt was 3.31 percent of total assets as on Jan. 28, 2017, compared with 3.44 percent on Jan. 30, 2016. Debt to equity ratio was almost stable at 0.05 as on Jan. 28, 2017, when compared with the last year.