Foot Locker 2007 Annual Report Download - page 2

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TABLE OF CONTENTS
Business Overview ........................... 1
Letter to Shareholders ...................... 2
Community Relations ....................... 5
Sports Marketing ............................. 6
Domestic Store Operations .............. 8
International Store Operations ......... 10
Direct-to-Customers Operations ...... 12
Form 10-K ........................................ 13
Board of Directors, Corporate
Management, Division Management,
Corporate Information ...................... IBC
FINANCIAL HIGHLIGHTS
(Millions, except per share amounts)
2003 2004 2005 2006 2007
Sales $ 4,779 $ 5,355 $ 5,653 $ 5,750 $ 5,437
Income from continuing operations $ 209 $ 255 $ 263 $ 247 $ 49
Diluted EPS from continuing operations $ 1.40 $ 1.64 $ 1.67 $ 1.58 $ 0.32
Cash, cash equivalents and short-term
investment position, net of debt $ 113 $ 127 $ 261 $ 236 $ 272
Shareholders’ equity $ 1,375 $ 1,830 $ 2,027 $ 2,295 $ 2,271
Book value per share* $ 9.55 $ 11.72 $ 13.04 $ 14.74 $ 14.70
* Shareholders’ equity divided by common shares outstanding
This report contains forward-looking statements within the meaning of the federal securities laws. All statements, other than state-
ments 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 2007 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.
ABOUT THE COMPANY
Foot Locker, Inc. (NYSE: FL) is the world’s leading retailer
of athletic footwear and apparel. Headquartered in New
York City, it operates approximately 3,800 athletic retail
stores in 21 countries in North America, Europe and Aus-
tralia 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 offer-
ing athletic footwear, apparel and equipment through its
Internet and catalog channels.
• ENHANCING OUR BASE BUSINESS
• EXPANDING IN THE GLOBAL MARKETPLACE
• PURSUING NEW BUSINESS OPPORTUNITIES
• GENERATING POSITIVE CASH FLOW
• REDEPLOYING EXCESS CASH
W
E
REMAIN
COMMITTED
TO
INCREASING
VALUE
FOR
OUR
SHAREHOLDERS
BY
: