Finish Line Q2 Profit Rises, Backs 2016 Outlook - Quick Facts

(RTTNews) - Athletic shoes and apparel retailer Finish Line, Inc. (FINL) reported that second-quarter net income attributable to the company increased to $25.90 million or $0.57 per share from $26.16 million or $0.54 per share in the prior-year quarter.

On average, 19 analysts polled by Thomson Reuters expected the company to report earnings of $0.57 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated net sales for the quarter grew 3.5 percent to $483.15 million from $466.88 million in the same quarter last year. Fifteen Wall Street analysts had a consensus revenue estimate of $491.15 million for the quarter. Finish Line comparable store sales increased 1.5 percent.

Looking ahead to fiscal 2016, the company still expects comparable store sales to be up in the low single to mid single digit range and earnings per share to increase in the low single to mid single digit range over fiscal year 2015 adjusted earnings per share of $1.67.

Street is currently looking for full-year 2016 earnings of $1.80 per share on annual sales of $1.93 billion.