Finish Line (FINL) Outlines Growth Targets for FY16; Boosts Q1 Outlook


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May 30, 2012 8:00 AM EDT Send to a Friend
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Price: $21.52 +2.23%

EPS Growth %: -6.2%

Financial Fact:
Cost of sales (including occupancy costs): 287.24M

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The Finish Line, Inc. (Nasdaq: FINL) will today outline its strategy to drive future growth and discuss its long-term operating targets at its Investor and Analyst Event. In addition, the Company updated its fiscal first quarter outlook.

Long-Term Operating Targets

The Company is providing a long-term outlook that includes the following goals for fiscal 2016:

  • Consolidated net sales of $2 billion;
    • Finish Line store sales of $1.4 billion;
    • Finish Line digital sales of $450 million;
    • The Running Specialty Group sales of $150 million;
  • Operating income of $200 million;
  • Diluted earnings per share of $2.50; and
  • Return on Invested Capital of 25%.The Company also updated its outlook for the first quarter ending June 2, 2012. Based on current projections, the Company now expects first quarter comparable store sales to increase approximately 8.5% and diluted earnings per share to be between $0.22 and $0.23. This compares to its previous outlook for comparable store sales to increase in the mid single-digit range and diluted earnings per share of approximately $0.21. The Street sees EPS of 22 cents.

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