This excerpt taken from the FL 8-K filed Mar 5, 2009.
Financial Results Presented
In preparing the Consolidated Financial Statements of Foot Locker, Inc. for its 2008 fiscal year, the Company discovered errors in its calculation of income tax expense for its 2007 fiscal year. The net income and earnings per share for the 2007 fourth quarter and full year periods, as presented in this press release, have been decreased by $9 million, or $0.06 per share, from the amounts previously reported, to reflect the Companys preliminary estimate of the effect of those errors on its financial statements. The Companys 2008 Form 10-K, which is scheduled to be filed on or before April 1, 2009, will reflect the final income tax expense calculations which may change the Companys 2007 and 2008 net income and earnings per share from that presented in this press release.