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Thursday, March 24, 2016

Finish Line (FINL) reported earnings on Thur 24 March 2016 (b/o)

** charts before earnings **






** charts after earnings **







Finish Line beats by $0.03, beats on revs; guides FY17 EPS below consensus :
  • Reports Q4 (Feb) earnings of $0.83 per share, excluding $0.74 in mostly write-offs of technology assets and store impairment charges, $0.03 better than the Capital IQ Consensus of $0.80; revenues rose 5.3% year/year to $580.3 mln vs the $567.87 mln Capital IQ Consensus. 
  • Comps +4.6% vs. + low to mid single digit guidance
  • Co issues downside guidance for FY17, sees EPS of $1.50-1.56 vs. $1.71 Capital IQ Consensus; comps +3-5%, towards the high end of estimates.

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