Finish Line Earnings: Here’s Why Investors are Excited Now
Finish Line Inc. (NASDAQ:FINL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 7.64%.
Finish Line Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 10.2% to $0.54 in the quarter versus EPS of $0.49 in the year-earlier quarter.
Revenue: Rose 13.24% to $436 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Finish Line Inc. reported adjusted EPS income of $0.54 per share. By that measure, the company beat the mean analyst estimate of $0.45. It beat the average revenue estimate of $426.39 million.
Quoting Management: “We are pleased to have delivered a solid second quarter performance,” said Chairman and Chief Executive Officer, Glenn Lyon. “The combination of positive comparable sales and good expense control drove a 10% increase in earnings per share over last year. At the same time, we continued to make good progress building our business with Macy’s and growing our Running Specialty Group. Looking ahead, we are cognizant of the headwinds currently facing the retail industry and this has been incorporated into our near-term planning. We remain confident that our strategy to create a leading multi-divisional, omni-channel business will lead to sustainable sales and earnings growth and increased shareholder value over the long term.”
Key Stats (on next page)…