21 Jun What To Expect When Finish Line Reports Q1
Is another beat in the cards for Finish Line Inc.?
When the specialty athletic retailer last reported, its sales and profit — at $580 million and $41 million, respectively — handily topped analysts’ expectations for the fourth quarter.
Ahead of Friday’s Q1 earnings report, a few developments bode well for the retailer.
In May, UBS Investment Bank analyst Michael Binetti said he came away from meetings with Finish Line’s management feeling upbeat about the “refocused company with emerging sales tailwinds.”
“Our meetings with Finish Line suggest a more optimistic tone after a major holiday supply chain disruption that cost Finish Line 35 cents in [earnings per share in Q3],” Binetti wrote on May 3. “After announcing the supply chain issue — and plans to close 150 stores (25 percent of fleet) — Finish Line is now clearly more focused on fixing up operations and has been meeting with the brands frequently on strategic direction in its remaining stored.”