$FINL (Finish Line Inc.)

$FINL {{ '2016-09-23T13:23:51+0000' | timeago}} • Webcast

$FINL ended 2Q17 with 585 Finish Line stores, including 4 openings and 5 closings. 2Q17 count for Macy's stores with branded shops was 391. For JackRabbit, the company ended the quarter with 70 stores after closing one unprofitable store.

$FINL {{ '2017-09-22T16:27:06+0000' | timeago}} • Webcast

$FINL attributed its positive margin outlook for 4Q18 to seasonal factors and additional days. Finish Line expects the Nike-NBA partnership to drive sales in the third quarter and fourth quarter. The company sees selling, general and administrative expenses easing in second half of 2018, compared to the first half.

$FINL {{ '2017-09-22T15:50:38+0000' | timeago}} • Webcast

$FINL intends to close about 15-20 stores and remodel 40-50 in fiscal 2018, as part of its planned store investment strategy. In the full fiscal year, the Macy’s division is expected to generate $345-$355MM in sales, with operating margin in the high single digits. The company plans to launch its new sneaker brand for kids by the end of 3Q18.

$FINL {{ '2017-09-22T15:26:14+0000' | timeago}} • Webcast

$FINL expects sales and margin trends to remain difficult throughout the remainder of the year. The company continues to prioritize disciplined expansion and inventory management. Several initiatives are in the pipeline for increasing traffic, such as augmentation of digital capabilities, promotional activities and enhancement of store experience.

$FINL {{ '2017-09-22T15:11:30+0000' | timeago}} • Webcast

$FINL said its second quarter was more challenging than expected as the athletic footwear market became very challenging in the later part of the quarter, impacting earnings negatively. The strong demand for most of the new launches was more than offset by unfavorable sales trends within some of the  ‘matured’ franchises of the company.

$FINL {{ '2017-09-22T14:58:26+0000' | timeago}} • Infographic

$FINL Finish Line, Inc. Earnings AlphaGraphics: Q2 2018 highlights

$FINL {{ '2017-09-22T12:01:54+0000' | timeago}} • Announcement

$FINL has appointed Faisal Masud to its BoD, effective September 19, 2017. Masud, who currently serves as Chief Technology Officer of $SPLS, will serve as a Class-II director for a term expiring at Finish Line’s annual meeting of shareholders.

$FINL {{ '2017-09-22T11:58:14+0000' | timeago}} • Announcement

$FINL expects its comparable store sales to decrease in the 3-5% range in 3Q18, and forecasts adjusted loss per share between $0.32 and $0.40 for the quarter. For 4Q18, the company estimates a 3-5% decrease in comparable sales. Finish Line is looking for adjusted earnings per share in the range of $0.50 to $0.58 for the fourth quarter.

$FINL {{ '2017-09-22T11:26:56+0000' | timeago}} • Announcement

$FINL, which operates specialty apparel stores, reported an 87% decline in 2Q18 profit as sales and margins were dragged by unfavorable market conditions. Impacting the bottom line, expenses increased compared to the prior-year period. EPS plunged to $0.07 from $0.53 in 2Q17. Sales decreased 3.3% to $469MM, and comparable store sales dipped 4.5%.

$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.

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