same-store sales rose 9.3% in the fourth quarter, and the company said it was comfortable that earnings for the year would come in at the high end of its projections.
Venator posted total fourth-quarter sales of $1.12 billion, up from $1.03 billion in the year-ago period. The latest quarter had 14 weeks, but the sales results are based on a 13-week period.
Venator said "we are comfortable that our earnings for the full year 2000 will be at the high end" of the company's forecast range of 74 cents to 78 cents a share. Eight analysts surveyed by
First Call/Thomson Financial
expect the company to earn 77 cents a share for the year.
Shares of Venator, which owns Foot Locker, Lady Foot Locker, Kids Foot Locker and Champs Sports, gained 22 cents, or 0.5%, to $12.98 in recent
New York Stock Exchange