NEW YORK (TheStreet) -- Shares of Finish Line Inc. (FINL) are higher by 5.66% to $30.80 in pre-market trading on Friday after the sports apparel retailer reported an increase in GAAP diluted earnings per share to $25 cents for the fiscal 2015 first quarter, compared to 10 cents for the 2014 fiscal first quarter.
Non-GAAP diluted earnings per share rose 40% to 28 cents per diluted share for the most recent quarter versus 20 cents for the same period last year.
Finish Line posted a 15.8% increase in net sales to $406.5 million, over the $351.1 million for the 2014 fiscal first quarter.
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Separately, TheStreet Ratings team rates FINISH LINE INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate FINISH LINE INC (FINL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."