Foot Locker just gave investors something to cheer about.
The company’s Q3 sales increased nearly 5 percent despite the impact of three hurricanes.
The retailer’s Q3 performance topped estimates across the board.
The company, which is valued in excess of $1 billion, acquired Style.com from Conde Nast in 2017.
The trend continues.
At market open, the stocked jumped 34 percent.
Nordstrom’s sales missed forecasts as the retailer absorbed steep losses from Hurricanes Irma, Harvey & Maria.
The German giant forged ahead with major stateside gains in the third quarter, while its American competitors lagged behind.
In addition to operational impacts from the storms, Kohl’s donated extensively to hurricane relief efforts.
Macy’s reported a 50 percent gain in Q3 profits.