Finish Line Inc. (FINL: Quote) posted higher fourth-quarter net income of $41.92 million or $0.80 per share compared with $34.25 million or $0.63 per share last year.
On a non-GAAP basis, net profit improved to $42.52 million or $0.81 per share from the prior-year quarter's $35.02 million or $0.65 per share. On average, 12 analysts polled by Thomson Reuters expected earnings per share of $0.81 for the quarter. Analysts' estimates typically exclude one-time items.
Consolidated net sales, inclusive of Finish Line and The Running Company, rose 18.6% to $456.3 million from $384.6 million in the earlier year quarter. Ten analysts estimated revenues of $432.62 million for the quarter.
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by RTT Staff Writer
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