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Finish Line sees strong quarterly profit on big revenue rise

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The Finish Line Inc. said Friday that strong same-store sales and improvements on its website helped the company report a profit in its latest quarter.

For its fiscal third quarter ended Nov. 30, the Indianapolis-based sports-apparel retailer earned $2.3 million, or 5 cents per share, compared with a loss of $107,000, or less than a penny a share, in the year-ago period.

The earnings beat estimates by analysts polled by Thomson Reuters by 4 cents per share.

Revenue rose 22.9 percent, to $364.5 million.

The company raised its full-year earnings forecast to a range of $1.60 to $1.65 a share from last year's earnings of $1.47 per share.

Same-store sales, which exclude sales at stores open less than a year, were up 7.1 percent, compared with 3.6 percent in the year-ago quarter.

“Our commitment to developing a premier omni-channel platform is strengthening both our customer relationships and our brand partnerships while also reinforcing our market leadership position,” Finish Line CEO Glenn Lyon said in a prepared statement.

Finish Line ditched a new website design last December after it failed to meet expectations. The company estimated it lost $3 million in sales during the less-than-three-week period the site operated.

Company shares were trading for about $28 apiece midday Friday, a 52-week high.

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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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