Foot Locker 2006 Annual Report Download - page 2

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ABOUT THE COMPANY
Foot Locker, Inc. (NYSE: FL) is the world’s leading
retailer of athletic footwear and apparel. Head-
quartered in New York City, it operates approxi-
mately 4,000 athletic retail stores in 20 countries
in North America, Europe and Australia under the
brand names Foot Locker, Footaction, Lady Foot
Locker, Kids Foot Locker and Champs Sports.
Additionally, the Company’s Footlocker.com/
Eastbay business operates a direct-to-customers
business offering athletic footwear, apparel and
equipment through its Internet and catalog
channels.
TABLE OF CONTENTS
Shareholders’ Letter ......................................................... 2
Business Overview ............................................................ 5
Foot Locker ....................................................................... 6
Champs Sports .................................................................. 8
Footaction ......................................................................... 9
Lady Foot Locker/Kids Foot Locker ................................. 10
Footlocker.com/Eastbay ................................................... 11
Community Involvement ................................................... 12
Form 10-K ......................................................................... 13
Board of Directors, Corporate Management,
Division Management, Corporate Information ................ IBC
FINANCIAL HIGHLIGHTS
(Millions, except per share amounts)
2002 2003 2004 2005 2006
Sales $ 4,509 $ 4,779 $ 5,355 $ 5,653 $ 5,750
Total operating profi t $ 269 $ 342 $ 389 $ 409 $ 381
Income from continuing operations $ 162 $ 209 $ 255 $ 263 $ 247
Diluted EPS from continuing operations $ 1.10 $ 1.40 $ 1.64 $ 1.67 $ 1.58
Cash, cash equivalents and short-term
investment position, net of debt $ — $ 113 $ 127 $ 261 $ 236
Athletic stores sales
per average gross square foot (dollars) $ 316 $ 335 $ 345 $ 361 $ 365*
*2006 adjusted to a 52-week year
This report contains forward-looking statements within the meaning of the federal securities laws. All statements, other than
statements of historical facts, which address activities, events or developments that the Company expects or anticipates will
or may occur in the future, including, but not limited to, such things as future capital expenditures, expansion, strategic plans,
dividend payments, stock repurchases, growth of the Company’s business and operations, including future cash fl ows, revenues
and earnings, and other such matters are forward-looking statements. These forward-looking statements are based on many
assumptions and factors detailed in the Company’s fi lings with the Securities and Exchange Commission, including the Annual
Report on Form 10-K for the 2006 fi scal year. Any changes in such assumptions or factors could produce signifi cantly different
results. The Company undertakes no obligation to update forward-looking statements, whether as a result of new information,
future events, or otherwise.