Finish Line Down 8% Pre-Market on Cautious Guidance
Finish Line (NASDAQ: FINL) is trading lower on the session following its Q4 earnings and Q1 guidance announcements this morning. The company reported EPS of $0.81 vs $0.80 estimate and revenues $456.3 million vs $429.40 million estimate. Additionally, Finish Line said it see Q1 EPS to be down 30%.
Chairman and Chief Executive Officer of Finish Line, Glenn Lyon stated “We ended the fiscal year with another strong quarter and positive momentum across our business. Our fourth quarter and full year results are a positive indication that the sales and merchandising strategies we are deploying across our multiple channels are resonating with consumers and influencing how they shop."
Finish Line is currently trading at $23.28, a loss of $2.06 or 8.13% pre-market.
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