Footstar reports $4.1 million pre-tax income for four weeks ended Nov. 26

By Ted A. Knutson

Washington, Jan. 5 - Footstar, Inc. showed a $4.1 million income before taxes, minority interests and discontinued operations for the four weeks ended Nov. 26 on sales of $64.1 million, according to an 8-K filing with the Securities and Exchange Commission.

In the four-week period ended Oct. 29, the company posted a $2.3 million income before taxes, minority interests and discontinued operations on sales of $56.1 million.

The net profit for the November period was $3.9 million compared with a $1.3 net loss for the October period.

Cash and cash equivalents on Nov. 26 were $162.6 million, up from $155.3 million on Oct. 29.

The West Nyack, N.Y.-based retailer filed for bankruptcy on March 2, 2004 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 04-22350.

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