Here's Why Shares of Finish Line are Higher in Friday's Session

Finish Line shares were higher Friday after booking strong sales in its latest quarter.
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Finish Line  (FINL) shares were higher Friday after booking a quarterly sales beat and raised its earnings outlook for the year. The Indianapolis athletic-footwear retailer reported quarterly sales of $509 million or about 3% above analysts forecasts. Meanwhile earnings of $0.53 a share fell roughly in line with consensus estimates. CEO Sam Sato said in a statement the enhanced supply chain is now "operating efficiently," and the company's focus has shifted to streamlining its organizational structure to "adapt more quickly to market changes."

Chris Versace and Bob Lang, who co-manage TheStreet's Trifecta Stocks model portfolio, see the solid results as good news for two other stocks: rival chain Foot Locker (FL) - Get Report and shoe giant Nike (NKE) - Get Report . You can read Versace and Lang's subscription-only analysis here (non-subscribers can sign up for a free 14-day trial.)

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