Finish Line Meets Street in Challenging Retail Environment

Finish Line (FINL) is in the spotlight in Friday's trading session. The sports apparel retailer reported an increase in sales for the latest quarter but profits were lower from the same period last year. Earnings were $0.23 a share. CEO Sam Sato said in a statement announcing earnings that the company was able to meet expectations in a challenging retail environment and that it is continuing its initiatives with its Finish Line, Macy's and JackRabbit businesses. Finish Line reiterated its guidance for the year. It expects same-store sales to increase in the 3 percent to 5 percent range and earnings to come in between $1.50 and $1.56 a share.