2012 Nike Free Run 3.0 Piel café Mujeres Comprar Con Seguridad

This conference call may contain
Wmns Nike Free Run 3.0 V5 2014 Orange Mujeres Garden Fresh Produce Hasta 50% De Descuento forward looking statements that reflect management’s current views of future events and financial performance. These forward looking statements are based on many assumptions and factors, including the effects of currency fluctuations,
2012 Nike Free Run 2 Gris Azul Rosa Mujeres Con El Envío Libre customer preferences, economic and market conditions worldwide and other risks and uncertainties described
Nike Free Run 2 Negro Azul Mujeres Running Zapatos For Barato in the company’s
Nike Free Run 3.0 Plata Mujeres Purple Tienda Outlet On Sale press release and SEC
Nike Free Run Powerlines Ii Verde Negro Hombres Venta Zapatos filings.

We refer you to Foot Locker,
2012 Nike Free Run 3.0 V2 Light Negro Azul Mujeres Para Barato Pero El Real Inc.’s most recently filed Form 10 K
Nike Free Run Powerlines Ii Azul Oscuro Hombres Entrega Rápida or
2012 Nike Free Run 2 Azul Negro Mujeres Para Zapatos Baratos Form 10 Q for a complete description of these factors. Any changes in such assumptions or factors could produce
Nike Free Run Powerlines Rainbow amarillas Hombres Envío Rápido significantly different results, and actual results may differ materially from
2012 Nike Free Run 2 Blue Orange Mujeres Nosotros Outlet Store those contained in the forward looking statements. Please note that this conference is being recorded.

I will now turn the call over to Mr. John
Nike Free Run 3.0 V4 Naranja Gris Mujeres Para Hombres Baratos Maurer,
Nike Free Run 3.0 V4 Verde Gris Mujeres Tenemos Buena Reputación Vice President, Treasurer and Investor Relations. Mr. Maurer, you may begin.

Thank you,
Nike Free Run 3.0 V7 púrpura Negro Mujeres Outlet Worldwide and good morning. Welcome
Nike Free Run 2 Orange Yellow Mujeres Venta Zapatos Para Hombre to Foot
2013 Nike Free Run Líneas Marrón Hombres Precio Al Por Menor Locker’s
Nike Free Run 2014 Gris Púrpura Mujeres Venta Zapatos Auténticos First Quarter 2011 Earnings Release Conference Call. As we highlighted in our press release yesterday afternoon, we earned $0.60 per share
2012 Nike Free Run Tr Fit Negro Azul Hombres Outletonline Tienda Es La Opción Ideal Para Usted in the first quarter. Our highest first quarter
Nike Free Run 3.0 V7 shinne azules mujeres negras Venta Barato earnings since
2012 Nike Free Run 2 Gris Rosa Mujeres Con Descuento 56% -78% we became Foot Locker, Inc. almost
2012 Nike Free Run 2 Negro Rosa Mujeres Con Calidad Superior a decade ago. This result represents an increase of 76% compared to the
2012 Nike Free Run 3.0 Negro Azul Mujeres Con Descuento Grande $0.34 a share earned in the first quarter last year.
2012 Nike Free Run 2 2.0 Azul Naranja Mujeres 70% De Descuento We noted
2013 Nike Free Run Powerlines 2012 Gris Azul Hombres Envío Libre Con Entrega Rápida in our release that
2012 Nike Free Run 3.0 V3 Gris Negro Mujeres Precio Al Por Menor these earnings were driven
Nike Free Run 3.0 V3 2012 mujeres negras Nosotros Outlet Store by a 12.8%
Nike Free Run 3.0 V2 Negro Naranja Mujeres Con Calidad Superior comp sales gain, a
2012 Nike Free Run Mujeres Plata 3.0 Verde azul Venta Zapatos gross margin rate improvement
Nike Free Run 2014 Gris Púrpura Mujeres Comprar Con Seguridad of 200 basis
2012 Nike Free Run 3 Gris Naranja Mujeres Ven y Únete a Nosotros points and a decrease in our SG expense rate of 140 basis points.

Our prepared remarks will begin with Bob McHugh, Executive Vice
Nike Free Run 2014 Gris Mujeres rojas Cada Compra Que Realice President and Chief Financial Officer, who will provide more details of our
2012 Nike Free Run 2 Blue Orange Mujeres Con La Mejor Calidad first quarter financial results. Bob will
2012 Nike Free Run 2 Gris Azul Rosa Mujeres Precio Al Por Menor also address the extent to which our first quarter results have
Nike Free Run 3.0 V4 Negro Azul Mujeres Más De 60% De Descuento affected our outlook for the rest of 2011. Ken
Nike Free Run 2 grises verdes Mujeres Tenemos Buena Reputación Hicks, our
Nike Free Run Powerlines Ii Azul Negro Hombres 2014 Nuevo Estilo Chairman and
2012 Nike Free Run 3.0 Gris Rosa Mujeres Cada Compra Que Realice CEO will
Nike Free Run Trainer 3.0 Negro Hombres Con La Mejor Calidad then follow with an update on our progress and executing our strategic plan. Bob, the floor is yours.

Thank you,
Nike Free Run 3.0 V2 Negro Naranja Mujeres Con Descuento Grande and good morning. We are very pleased with the earnings of
2014 Nike Free Run Gimnasio Hombres blancos 70% De Descuento $0.60 per share that we generated in the
Nike Free Run 3.0 V4 Negro Azul Mujeres Con Calidad Auténtico first quarter, which significantly exceeded
Nike Free Run Powerlines Ii Gris Hombres Hasta 52% De Descuento our expectations going into the quarter. We have momentum across all major product categories and regions where we
Nike Free Run Trainer 3.0 Negro Azul Hombres Con El Envío Libre operate, and we feel that we are positioned well to continue
2012 Nike Free Run 2 Azul Negro Mujeres Con Calidad Auténtico providing our customers with the exciting new products
Nike Free Run Powerlines Ii Azul Blanco Hombres Venta Zapatos they want.

Turning to our first quarter results. As John mentioned, we achieved a
2013 Nike Free Run Líneas Azul Hombres Con Calidad Auténtico 12.8% comp store
2012 Nike Free Run Tr Fit gris azul de los hombres Para Barato sales
Nike Free Run 3.0 V4 Gris Mujeres Zapatos Corrientes De Venta increase, which certainly
Nike Free Run 3.0 V2 Negro Naranja Mujeres Precio Al Por Menor exceeded our expectations at the
Nike Free Run 3.0 V4 Naranja Gris Mujeres Comprar Con Seguridad start
Nike Free Run 3.0 V4 Rojo Púrpura Mujeres Con La Mejor Calidad of the year and the outlook
2012 Nike Free Run Tr Fit Naranja Hombres Comprar Con Seguridad we gave you in early March. This significant
2012 Nike Free Run 3 Azul Plata Mujeres Con La Mejor Calidad breakout on the top line encourages us that our key strategic initiatives are
2012 Nike Free Run 3.0 Negro Azul Mujeres Regalo Para Usted o Su Familia working.

This year, February got us off to a good start, with low double digit comps, which was the third year in a row of
2012 Nike Free Run Tr Fit Naranja Hombres Precio Al Por Menor solid gains in
Nike Free Run Powerlines Ii Azul Oscuro Hombres Venta Auténtico that month. We
Nike Free Run 4.0 Mujeres Blue Sky Zapatos Corrientes De Venta and our vendor partners have
Nike Free Run 4.0 2012 Azul Plata Mujeres Con La Mejor Calidad done
Nike Run Balanza gratuito 2014 Negro Rosa Mujeres Venta Hombres an excellent job of creating a lot of excitement in the month of February
Nike Free Run 3.0 V3 2012 mujeres negras Con Calidad Auténtico for the consumer of athletic
2012 Nike Free Run 3 Azul Plata Mujeres Comprar Con Seguridad footwear and apparel, which Ken will discuss
Nike Free Run 4.0 Mujeres Luz Azul Negro A La Venta Con El Envío y El Descuento Más Grande a bit more later.

With
2012 Nike Free Run 3.0 Azul Plata Mujeres Venta Zapatos Baratos the shift
Nike Run Balanza gratuito 2014 Verde Mujeres Orange Outlet Tienda Online Venta De Separación De 2014. Obtenga 80% De Descuento of Easter from March to April, we were somewhat concerned about March comps, but they came in at a high single digits, which
2014 Nike Free Run Gimnasio Blanco Rojo Hombres A Precio Más Bajo 55% De Descuento in
2013 Nike Free Run Powerlines 2012 Gris Azul Hombres En Venta turn led
Nike Free Run 2 azules amarillas Mujeres Tienda Outlet On Sale to a very
Nike Free Run 3.0 V4 gris púrpura Mujeres Todo De Alta Calidad strong April for us,
Nike Free Run 2 grises verdes Mujeres Running Zapatos For Barato with comps exceeding 20%. For the quarter, our international divisions matched our initial outlook by producing a mid single digit comp increase.

Foot Locker Europe, our largest international division was the strongest performer while Foot Locker Canada struggled a bit with the
2014 Nike Free Run Gimnasio Blanco Negro Hombres Sale Barato anniversary
Nike Free Run 2 grises verdes Mujeres Tenemos Buena Reputación of last year’s Vancouver Olympics and a much later arrival
Nike Free Run 3.0 Plata Mujeres Purple Hasta 52% De Descuento of spring in Canada
2012 Nike Free Run 2.0 Gris Azul Blanco Mujeres Venta Hombres this
Nike Free Run Powerlines Ii Negro Hombres Luna Outlet Worldwide year compared to a year ago. business. Our total domestic store business posted overall comps in the
Nike Free Run 2 Orange Yellow Mujeres Outlet Para Que Usted Elija. Comprar Ahora. teens for the quarter,
Nike Free Run 2014 Gris Púrpura Mujeres Todo De Alta Calidad despite
2013 Nike Free Run Powerlines Gris Verde Hombres Entrega Rápida a Su Puerta the slight drag caused
2012 Nike Free Run Tr Fit Azul Hombres Amarillo Envío Rápido by the year over year decline
Nike Free Run Powerlines Ii Azul Plata Hombres Comprar Con Seguridad in the
2013 Nike Free Run Líneas Azul Hombres A La Venta Con El Envío y El Descuento Más Grande Toning business. And the
Nike Free Run 2014 Negro Rosa Mujeres Venta Zapatos Auténticos good news is that Toning becomes even less
2012 Nike Free Run Tr Fit Azul Hombres Amarillo Outlet En Venta of a drag as
2012 Nike Free Run 3.0 V2 Blanco Gris Azul Mujeres Para Barato we
Nike Free Run Powerlines Ii Naranja Hombres 70% De Descuento go through Q2.

Our gross margin
2012 Nike Free Run Tr Fit Naranja Hombres Para Auténtico Barato rate
2014 Nike Free Run Gimnasio Negro Rojo Hombres Venta Hombres increased by 200 basis points, 50 basis
Nike Free Run Powerlines Ii Green Men Tenemos Buena Reputación points of
2014 Nike Free Run Gimnasio Blanco Negro Hombres Venta Zapatos this improvement came from
2012 Nike Free Run 3.0 Piel Gris Blanco Mujeres Envío Rápido merchandise margin in line with our expectations. And merchandise margin improvement came mostly in
Nike Free Run 2 2012 Gris Amarillo Mujeres Precio Al Por Menor apparel, as we
Nike Free Run Powerlines Ii Naranja Hombres Precio Al Por Menor continue to close the margin gap between
2012 Nike Free Run 3.0 Gris Rosa Mujeres Ven y Únete a Nosotros
Nike Free Run 3.0 V2 2012 Mujeres Blanco Gris Con Precio Más Barato y De Calidad Superior footwear and apparel. Footwear
Nike Free Run 3.0 V4 Negro Azul Mujeres Nosotros Outlet Store margins are still higher than apparel margins in our domestic businesses, but we’re making good
2013 Nike Free Run Powerlines Negro Hombres Con Calidad Superior progress.

The real driver
2012 Nike Free Run 2 Azul Negro Mujeres Con Descuento 56% -78% of our gross margin rate came from the leveraging of
Nike Free Run Powerlines Ii Negro Rojo Hombres Venta Zapatos our predominantly fixed buying and occupancy expenses.
2013 Nike Free Run Líneas Marrón Hombres Todo De Alta Calidad On
Nike Free Run 3 Gris Verde Púrpura Mujeres Sale Con La Variedad De Estilos y Colores a
Nike Free Run 4.0 2012 Azul Plata Mujeres Comprar Con Seguridad constant currency basis, our buying and occupancy expenses were up only slightly, despite the large increase in sales. We have shown a consistent ability to leverage improved sales into
2012 Nike Free Run 3.0 púrpura Blanco Mujeres Venta Auténtico much higher
2014 Nike Free Run Gimnasio Negro Azul Hombres Outlet Worldwide gross margin results.

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2012 Nike Free Run 3.0 Piel café Mujeres Comprar Con Seguridad

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