Shares of Finish Line (FINL) sprinted ahead Friday following the company’s better-than-expected quarterly results. The athletic apparel and shoe retailer reported fiscal first quarter profit of $13.8 million, or $0.30 a share, topping analysts’ expectations for earnings of $0.24 a share, according to Thomson Reuters. The company’s revenue of $443.4 million also topped estimates of $430.8 million. Chairman and CEO Glenn Lyon said in a statement, ‘Fiscal 2016 is off to a solid start. 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.’ Finish Line said it still expects comparable store sales to be up in the low-single to mid-single digit range and full-year earnings of $1.67 a share.
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