The Finish Line, Inc. (FINL) reported fourth-quarter net income to company of $34.33 million or $0.69 per share, compared to $41.92 million or $0.80 per share last year. Adjusted profit per share, which excludes the impact of impairment charges, were $0.76. Net sales decreased to $442.68 million from $456.26 million last year. Finish Line comparable store sales increased 0.7%.
On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.75 for the quarter. Analysts' estimates typically exclude speical items. Analysts expected revenue of $452.34 million for the quarter.
For the fiscal year ending March 1, 2014, the company currently expects Finish Line comparable store sales to be up slightly and earnings per share to increase mid-single digit percent over fiscal year 2013 adjusted earnings per share of $1.47.
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