Finish Line (FINL) PT Lowered to $14 at Canaccord Genuity Following Weak 4Q
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Finish Line Reports Fourth Quarter and Full Fiscal Year 2017 Results
March 24, 2017 7:12 AM EDTINDIANAPOLIS--(BUSINESS WIRE)-- The Finish Line, Inc. (NASDAQ: FINL) today reported results for the fourth quarter and fiscal year 2017, representing the thirteen and fifty-two weeks ended February 25, 2017.
For the thirteen weeks ended February 25, 2017:
Consolidated net sales were $557.5 million, a decrease of 0.4% from the prior year period.
Finish Line comparable sales decreased 4.5%.
Finish Line Macys sales increased 35%.
On a GAAP basis, diluted earnings per share from continuing operations were $0.30.
Non-GAAP diluted earnings per share from continuing operations, which primarily excludes the impact from store impairment charges, were $0.50.
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