Foot Locker beat analyst estimates by six cents and delivered record sales of $6.5 billion in the fourth quarter. Foot Locker stores are loaded with Nike merchandise and so these strong numbers bode well for Nike, which reports its earnings on March 20. Foot Locker seems to be beating competitors Adidas and Puma in the sneaker wars. Nike has also has some winners with the LeBron James grafitti sneaker, which retail for $200.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

If you liked this article you might like

Adidas Is Beating Nike in Sneaker Market Share, New Survey Reveals

Analyst Bets There's a 75% Chance Finish Line Will Sell Out to U.K.

Hurricane Irma Disaster Sends Looters Descending on a Florida Foot Locker: Watch

For Nike, the Other Shoe Is About to Drop