Finish Line Q4 Adj. EPS Tops View - Quick Facts

(RTTNews) - Athletic gear retailer Finish Line, Inc. (FINL) posted fourth-quarter net income attributable to the company of $40.8 million, down from $43.0 million in the comparable quarter last year. Earnings per share attributable to company shareholders were $0.87, same as last year.

On a non-GAAP basis, earnings which excludes the impact of impairment charges and store closing costs were $0.88 per share, up from $0.87 per share in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.85 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated net sales for the latest fourth quarter increased by 6.3% to $551.35 million from $518.87 million in the year-ago period, while 17 analysts expected sales of $550.34 million for the period. Finish Line comparable-store sales increased by 2.6%.

For the fiscal year ending February 27, 2016, Finish Line expects earnings per share to increase in the low single to mid single digit range over fiscal year 2015 non-GAAP earnings per share of $1.67 and comparable store sales to be up in the low single to mid single digit range. Analysts expect earnings of $1.81 per share.