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Article Date: December 2014
Word Count: 587

Finish Line Misses Forecast on Margin Pressure


Still struggling to optimize its mix on basketball and running in its flagship division, Finish Line reported net income of $2,578,000, up 12% from $2,318,000 for the quarter ended Nov. that was boosted by a one-time tax benefit of $4.3 million left over from the Man Alive deal. The operating loss was $3.6 million against income of $2.8 million. Sales for the period rose 9% to $395,828,000 compared to $364,455,000 with comp store sales up 4.5%. Sales at Macy’s shops, now completely open at 397 doors, were up 53% to $51.3 million and Running Specialty Group added another $17.0 million ... Log in to view full article.

 


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