Finish Line Beats Q4 Estimates; Announces Share Buyback (FINL)

• FINL reported earnings of $40.8 million, down from $43.0 million, last year. EPS remained unchanged at 87 cents.
• Excluding special items, earnings were 88 cents per share, above analysts’ view of 85 cents per share.
• Revenue increased 6.3% to $551.35 million from $518.87 million. Analysts expected to see sales of $550.34 million.
• Comparable store sales for the period increased 2.6%, which beat expectations.
• The company also announced a repurchase plan to buyback 5 million shares.

“Our fourth-quarter results, especially for our core business, represent a solid finish to a disappointing year,” Chief Executive Glenn Lyon said

The company paid its last 9 cent dividend on March 16. We expect the company to declare its next dividend in April.

Click here to see the complete history of FINL dividends.

Shares of FINL were up 81 cents, or 3.38% during premarket trading. The stock down 1.52% YTD.

Finish Line (FINL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

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