Finish Line (FINL) Tops Q1 EPS by 6c; Comps up 5.5%

Finish Line (NASDAQ: FINL) reported Q1 EPS of $0.30, $0.06 better than the analyst estimate of $0.24. Revenue for the quarter came in at $443.4 million versus the consensus estimate of $430.84 million. Finish Line comparable store sales increased 5.5%.

“Fiscal 2016 is off to a solid start,” said Glenn Lyon, Chairman and Chief Executive Officer of Finish Line. “We’re delivering an enhanced customer experience with our commitment to offering latest and greatest merchandise assortments and providing world class service. We will continue to drive consistent growth and increased profitability across each of our divisions with focus on our customer-centric operating model. We are confident these strategies will translate into greater value for our shareholders over the long-term.”

Outlook

For the fiscal year ending February 27, 2016, the company still expects comparable store sales to be up in the low single to mid single digit range and earnings per share to increase in the low single to mid single digit range over fiscal year 2015 non-GAAP diluted earnings per share of $1.67.

For earnings history and earnings-related data on Finish Line (FINL) click here.

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