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Foot Locker, Hibbett Score With Back-to-School Spending

Sporting-goods retailers Foot Locker Inc. and Hibbett Sports Inc. reported strong sales in the latest quarter lifted by back-to-school shopping, but they are now bracing for how the latest surge in Covid-19 cases might affect the critical holiday season.

Foot Locker logged $2.11 billion in third-quarter revenue, up from $1.93 billion in the year-earlier period. Many customers began shopping for the school year later than usual because of the pandemic’s unpredictability, but Chief Executive Richard Johnson said momentum built…

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