$FINL (Finish Line Inc.)

$FINL {{ '2016-09-23T12:51:37+0000' | timeago}} • Webcast

$FINL remains on schedule to update approx. 50 stores with its new design this year and a significant portion of the fleet over the next three years. During 2Q17, the company closed five locations, bringing its year-to-date total to 11. $FINL has now closed 65 locations over the past 18 months and plans to close another 12 over the rest of 2016.

$FINL {{ '2017-08-28T21:18:06+0000' | timeago}} • Announcement

For 3Q18, $FINL expects Finish Line comparable sales to decrease 3-5% and adjusted loss per share of $0.40-0.32. For 4Q18, the company sees Finish Line comparable sales to decrease 3-5% and adjusted EPS of $0.50-0.58.

$FINL {{ '2017-08-28T21:16:40+0000' | timeago}} • Announcement

For FY18, $FINL expects Finish Line comparable sales to fall 3-5% versus its prior estimate for an increase in low-single digit range. $FINL cut FY18 adjusted EPS outlook to $0.50-0.60 from $1.12-1.23. This is based on year-to-date results and the forecast that sales and gross margin trends remain challenging through balance of current fiscal year.

$FINL {{ '2017-08-28T21:11:14+0000' | timeago}} • Announcement

$FINL reported preliminary 2Q18 consolidated net sales of $469.4MM, down 3.3% from last year, due to a 4.6% decrease in Finish Line comparable sales. The company expects 2Q18 EPS of $0.08-0.12, based on the decline in sales and pressure on gross margin from increased markdowns.

$FINL {{ '2017-08-28T21:06:24+0000' | timeago}} • Announcement

$FINL's BoD unanimously adopted a shareholder rights plan to protect the best interests of its shareholders. On Aug. 25, the BoD declared a dividend of one preferred stock purchase right for each outstanding share of common stock, which is payable to shareholders of record on Sept. 11, 2017.

$FINL {{ '2017-07-13T21:42:50+0000' | timeago}} • Announcement

$FINL has declared a quarterly cash dividend of $0.11 per share of outstanding common stock. The dividend will be payable on Sept 11, 2017 to shareholders as of Aug 25, 2017.

$FINL {{ '2017-06-23T18:44:06+0000' | timeago}} • Webcast

$FINL's FY18 guidance for Macy’s remains unchanged. The company said that coming into FY18, Macy’s would do between $345-355MM in revenues and that it would produce a high single digit operating margin. This was the guidance given in March and this remains unchanged at present.

$FINL {{ '2017-06-23T18:43:36+0000' | timeago}} • Webcast

$FINL is making some investments in FY18 in tools around CRM that will give better ability to segment the database and have more targeted messages going to loyalty customers which will help drive traffic and sales.

$FINL {{ '2017-06-23T18:11:24+0000' | timeago}} • Webcast

$FINL is on track to complete 45-60 remodels. The company continues to measure all its remodelled stores against control group and it is seeing a mid single digit comp lift against the control group. By driving down the average cost of the remodel, $FINL is down to about $70 a square foot, which is about a $350,000 investment.

$FINL {{ '2017-06-23T17:47:41+0000' | timeago}} • Webcast

In the footwear category, $FINL’s comps were flat with low single digit gains in Men’s and Kids, offset by a high single digit decline in Women’s. For 1Q18, Running comps increased low single digits, Basketball grew high single digits and Lifestyle was down low teens.

$FINL {{ '2017-06-23T11:55:20+0000' | timeago}} • Announcement

$FINL sees comparable store sales of the Finish Line division to increase in the low-single digits range in FY18, and expects adjusted EPS to be between $1.12 and $1.23. For 2Q18, Finish Line comparable store sales are forecast to decrease in the low-single digits range. In 1Q18, the company repurchased 250,000 shares of its common stock.

$FINL {{ '2017-06-23T11:49:45+0000' | timeago}} • Announcement

Speciality retailer $FINL reported a decline in 1Q18 profit due to higher costs and impairment charges. Net income dropped to $8.14MM or $0.20 per share from $9.63MM or $0.23 per share in 1Q17. Sales declined modestly by 0.1% to $429.77MM. Finish line comp sales dropped 1.1%, while Macy’s sales rose 13.6%.

$FINL {{ '2017-04-13T18:21:03+0000' | timeago}} • Announcement

$FINL has declared a quarterly cash dividend of $0.11 per share of outstanding common stock. The dividend will be payable on June 12, 2017 to shareholders as on May 26, 2017.

$FINL {{ '2017-03-24T17:07:59+0000' | timeago}} • Webcast

$FINL's softgoods comp was down 27% in 4Q17, with apparel and accessories down double digit. However, softgoods' performance was in line with expectations. FY17 CapEx was higher than forecasted due the new store design roll out, as $FINL remodeled more store in FY17 than originally planned and incurred CapEx in 4Q16, related to FY18 remodel.

$FINL {{ '2017-03-24T16:46:11+0000' | timeago}} • Webcast

$FINL closed 24 underperforming locations in FY16, bringing the total closures to 78 over the last two years. Going forward, the company has identified and plan to close another 15-20 locations in FY18.

$FINL {{ '2017-03-24T11:56:09+0000' | timeago}} • Announcement

For FY18, $FINL sees a low-single digit increase in comparable sales, with EPS of $1.12-1.23. The additional 53rd week is expected to contribute about $0.06 per share to 4Q18 and FY18 results.

$FINL {{ '2017-03-24T11:52:42+0000' | timeago}} • Announcement

With Macy's sales rising 35% in 4Q17, $FINL posted a non-GAAP diluted EPS from continuing operations of $0.50. As of Feb. 25, 2017, consolidated merchandise inventories were down 4.8% to $331.1MM, along with $90.9MM in cash and cash equivalents. $FINL repurchased 0.25MM shares in the fourth quarter, totaling $4.4MM.

$FINL {{ '2017-03-24T11:46:20+0000' | timeago}} • Announcement

Athletic retail chain $FINL posted a 4Q17 net loss of $9.47MM from a net profit of $4.04MM a year ago. Diluted loss per share was $0.23 against a profit of $0.09 per share, as slow moving footwear line forced the company to clear inventories at a lower price. This resulted in a 4.5% dip in comparable sales, lowering the net sales 0.4% to $557.5MM.

$FINL {{ '2017-02-01T20:24:15+0000' | timeago}} • Announcement

$FINL partnered with adidas for an exclusive PureBOOST footwear release, including five colorways, available online and in select stores nationwide. The PureBOOST features a low cut design with Primeknit fabric on the upper, leather accents on the heel near the BOOST sole and subtle three stripes branding on the side.

$FINL {{ '2017-01-27T12:43:18+0000' | timeago}} • Announcement

$FINL said it also expects to realize a cash tax benefit on this disposition of JackRabbit totaling about $29-31MM which includes a benefit associated with projected 4Q pre-tax loss and with goodwill impairment charge of $44MM recorded during 3Q16. $FINL expects to receive portion of cash tax benefit in 4Q and balance in FY18.

$FINL {{ '2017-01-27T12:41:38+0000' | timeago}} • Announcement

$FINL expects to incur a pre-tax charge in 4Q of about $33-36MM with regard to exit of the JackRabbit busines. This includes cash costs of about $11-12MM and non-cash charges for the remainder related to the net assets of JackRabbit as well as certain other exit costs. The exiting costs and tax benefits will be reported in discontinued operations.

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