Athletic footwear retailer Foot Locker Inc's quarterly results beat market expectations for the seventh straight quarter on stronger sales of its running shoes, sending the company's stock up about 5 percent in extended trade.

Basketball player for Milwaukee Bucks, Brandon Jennings, advertises for Foot Locker / Photo : Foot Locker

The retailer, which sells branded shoes of Nike Inc, Reebok and Adidas AG, has been seeing steady gains in margins and sales after the closing of about 650 under performing stores over the last three years.