Finish Line kicks past views

Investor's Business Daily

The athletic apparel and accessories chain reported lower earnings on costs related to its Macy's play, but shares surged 3.1% to 21.86 after it topped estimates. Finish Line (FINL) said Q1 earnings per share fell 17% to 20 cents vs. analysts' forecasts for just 16 cents. The Macy's deal has put its shoes in hundreds of Macy's stores, boosting Finish Line sales at a time when larger rival Nike (NKE), with $25 billion annual sales, is guiding profit down because of weaker China sales. Finish Line sales climbed 10% in the quarter to $351.1 mil, topping consensus views for $343 mil.

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