The Finish Line Posts Q1 EPS In Line With Street

The Finish Line, a shoe retailer, reported fiscal Q1 2018 adjusted EPS of $0.23, flat with $0.23 in the same period a year ago and in line with the estimate of $0.23 from analysts polled by CapIQ. For the quarter ended May 27, total revenues of $429.8 million were down from $430 million in the same period a year ago and fell short of the Street projection of $434 million. Comparable store sales decreased 1.1%.

For full year 2018, the company affirmed adjusted EPS guidance in the range of $1.12 to $1.23, straddling the Street projection of $1.14. The company said it continues to expect full year comparable store sales to increase in the low-single digits range. Q2 comparable store sales are expected to decrease in the low-single digits range.

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