Insight Report 2 minutes Premium

Finish Line (FINL) 1Q17 Results: Finish Line Beats, Reaffirms FY Guidance

Executive Summary

  • Finish Line reported 1Q EPS of $0.23, above consensus of $0.22.
  • Total revenue was $453.5 million versus expectations of $449.5 million. Comps were 1.5% versus consensus of 2.2%. Management noted a challenging retail environment during the period.
  • Management reaffirmed full year guidance for EPS of $1.50-$1.56 versus consensus of $1.54. Comps are expected to be up 3%-5% versus consensus of 4%. The company signaled that it expects sales to pick up as the year progresses.

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