Footstar posts $2.5 million income before taxes for May 29 to July 2

By Caroline Salls

Pittsburgh, July 29 - Footstar Inc. showed a $2.5 million income before taxes, minority interests and discontinued operations for May 29 to July 2 on sales of $75.3 million.

In the four-week period ended May 28, Footstar posted $58.3 million in sales.

The net loss for the June period was $300,000, compared to net income of $3.2 million for the previous period.

Cash and cash equivalents on July 2 were $218.5 million, compared to $206.4 million at May 28.

West Nyack, N.Y.-based Footstar filed for bankruptcy on March 2, 2004. Its Chapter 11 case number is 04-22350.

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