Q1 2021 Foot Locker Inc Earnings Call Transcript
Good morning and welcome to the First Quarter 2021 Foot Locker, Inc. Earnings Conference Call. (Operator Instructions) Please note, this event is being recorded.
I'd now like to turn the conference over to Jim Lance. Please go ahead.
Thanks, operator. Welcome, everyone, to Foot Locker, Inc.'s first quarter earnings conference call. As described in today's earnings release, we reported first quarter net income of $202 million compared to a net loss of $110 million for the first quarter of last year and net income of $172 million for the first quarter of 2019.
On a per share basis, first quarter earnings were $1.93 compared to a loss per share of $1.06 last year and earnings per share of $1.52 for the first quarter of 2019. This year's quarter includes pretax charges of $2 million related to the impairment of one of the company's minority investments and $2 million primarily related to severance costs in connection with the reorganization of certain support functions.
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