"The footwear industry is performing on steroids right now, and we're happy we are starting to get our swag back," Lyon said.
On Friday, the specialty retailer reported better-than-expected sales and earnings for its fiscal first quarter ended on May 30, sending shares up by 4%. Net sales came in at $443.4 million, compared with analysts' average estimate of $430.8 million, while non-GAAP earnings were 30 cents a share, surpassing forecasts by 6 cents.
Same-store sales, a metric that measures sales from stores open longer than year, rose 5.5%, compared with a 2.6% gain in the previous quarter.
"I can't wait to hear what Glenn says on Mad Money tonight because it sure sounds like it is finally clicking on all cylinders especially the specialty running group and Macy's," said TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio.
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For Finish Line, the improved tone around its business this year is partly because of better execution than in 2014 and partly because of strong consumer demand for sneakers and sportswear in general.
"There are times that people take their eye off the mark, or read their own press clippings -- once in a while you need a little wake up call," Lyon said.