Finish Line Q3 Net Profit Edges Up, GAAP EPS Flat - Quick Facts

(RTTNews) - Athletic gear retailer Finish Line, Inc.'s (FINL) third-quarter net income attributable to the company climbed to $2.58 million from $2.32 million last year. On a GAAP basis, earnings per share were $0.05 for the recent quarter, same as last year.

On a non-GAAP basis, quarterly loss per share, excluding the impact of impairment charges and store closing costs, employee resignation costs and the recognition of a one-time tax benefit, were $0.02. Analysts polled by Thomson Reuters expected the company to report earnings of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated net sales reached $395.8 million, an increase of 8.6% over the prior year period's $364.46 million. Analysts expect sales of $390.95 million for the period. Finish Line comparable-store sales increased by 4.5%.

For the fiscal year ending February 28, 2015, the company now expects non-GAAP earnings per share to be flat to fiscal year 2014 non-GAAP earnings per share of $1.67. Analysts project annual earnings per share of $1.79. The company expects Finish Line comparable-store sales to increase low to mid-single digits.