Finish Line (FINL) Tops Q1 EPS by 1c; Comps Rise 1.5%

Finish Line (NASDAQ: FINL) is up 13.6% after the company reported Q1 EPS of $0.23, $0.01 better than the analyst estimate of $0.22. Revenue for the quarter came in at $453.5 million versus the consensus estimate of $449 million. Finish Line comparable store sales increased 1.5%.

“We delivered first quarter results that were in-line with expectations despite the challenging retail environment,” said Sam Sato, Chief Executive Officer of Finish Line. “Importantly, we’ve made further progress toward optimizing our supply chain and improving execution throughout the enterprise. We remain focused on successfully executing the strategic initiatives for our Finish Line, Macy’s, and JackRabbit businesses while creating an operating model that drives profitable growth and generates shareholder value consistently over the long-term.”

For the fiscal year ending February 25, 2017, the company still expects Finish Line comparable store sales to increase in the 3% to 5% range and earnings per share to be between $1.50 and $1.56. The EPS consensus is $1.54.

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

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