Finish Line Q4 Profit Rises, Comps. Up 6.3% - Quick Facts

(RTTNews) - Athletic shoes and apparel retailer Finish Line, Inc. (FINL) posted higher fourth-quarter net income attributable to the company of $43.0 million, or $0.87 a share, compared with last year's $34.33 million, or $0.69 a share. On average, 18 analysts polled by Thomson Reuters expected earnings per share of $0.85 for the quarter. Analysts' estimates typically exclude one-time items.

Three-month consolidated net sales came in at $518.9 million, a 17.2% increase over the prior-year figure of $442.68 million, while it missed consensus estimates of $529.35 million for the quarter. Finish Line comparable-store sales rose by 6.3%.

Looking ahead, for the year ending February 28, 2015, the company sees comparable-store sales to be up mid single digits and earnings per share to grow in the high single to low double digit range over fiscal 2014 non-GAAP earnings per share of $1.66.

In addition, the board has established July 17, 2014 as the date of the 2014 annual meeting of shareholders, with May 16, 2014 as the record date for this meeting.