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.