Finish Line gives up gains after September sales comments

theflyonthewall.com

Footwear and apparel retailer Finish Line (FINL) fell significantly from its pre-market highs after the company said during its second quarter earnings conference call that its September same-store sales have been flattish versus the same period in 2011. Moreover, Finish Line said its sales weakened in the middle of the month, and the company now expects its same-store sales to increase only by very low single percentage levels in the second half of its fiscal year. The retailer's stock had jumped 7% in pre-market trading after it reported stronger than expected Q2 results. In early regular trading, however, Finish Line fell 39c, or 1.71%, to $22.36.

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