LONDON, UK / ACCESSWIRE / January 12, 2018 / Active-Investors.com has just released a free earnings report on The Finish Line, Inc. (NASDAQ: FINL). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FINL. The Company posted its financial results on December 21, 2017, for the third quarter fiscal 2018. The Company's revenue and adjusted EPS surpassed analysts' expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, The Finish Line most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For three months ended November 25, 2017, Finish Line's revenues increased 1.8% to $378.53 million from $371.74 million in Q3 FY17. For the reported quarter, the Company's comparable store sales growth was 0.8%. The Company's revenue surpassed analysts' expectations of $360.95 million.

In the first nine months of 2017, the Company's revenues decreased 0.7% to $1.28 billion from $1.29 billion in the same period last year.

As on November 25, 2017, the Company operated 566 stores compared to 580 stores on November 26, 2016.

For the reported quarter, the Company's gross profit decreased 2% to $97.42 million from $99.36 million in Q3 FY17. For the reported quarter, the Company's gross margin decreased 100 basis points to 25.7% of revenue from 26.7% of revenue in Q3 FY17.

In the first nine months of 2017, the Company's gross profit decreased 8% to $355.18 million from $386.25 million in the same period last year.

For the reported quarter, the Company's operating loss was $21.57 million compared to operating loss of $18.77 million in Q3 FY17. For the reported quarter, the Company's adjusted operating loss was $17.29 million compared to adjusted operating loss of $16.64 million in Q3 FY17.

In the first nine months of 2017, the Company's operating loss was $2.49 million compared to operating income of $33.88 million in the same period last year.

During Q3 FY18, Finish Line's earnings before tax (EBT) was negative $21.57 million compared to negative $18.92 million in the same period last year.

For the reported quarter, Finish Line's net loss was $12.94 million compared to net loss of $10.59 million in Q3 FY17. During Q3 FY18, the Company's diluted EPS was negative $0.32 compared to negative $0.26 in the same period last year. For the reported quarter, Finish Line's adjusted net loss was $10.31 million compared to adjusted net loss of $9.91 million in Q3 FY17. During Q3 FY18, the Company's adjusted diluted EPS was negative $0.26 compared to negative $0.24 in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of negative $0.36.

In the first nine months of 2017, the Company's net loss was $1.60 million compared to net income of $22.86 million in the same period last year. In the first nine months of 2017, the Company's diluted EPS was negative $0.04 compared to positive $0.54 in the same period last year.

Balance Sheet

As on November 25, 2017, Finish Line's cash and cash equivalents decreased 15% to $77.19 million from $90.86 million on February 25, 2017. For the reported quarter, the Company's consolidated merchandise inventories increased 18.4% to $392.10 million from $331.15 million in Q3 FY17.

Outlook

For FY18, the Company expects comparable sales growth to be in the range of negative 2% to negative 3% and adjusted diluted EPS to be in the range of $0.59 to $0.67.

Stock Performance Snapshot

January 11, 2018 - At Thursday's closing bell, Finish Line's stock advanced 2.48%, ending the trading session at $13.64.

Volume traded for the day: 2.19 million shares, which was above the 3-month average volume of 1.63 million shares.

Stock performance in the last month ? up 22.99%; and previous three-month period ? up 26.53%

After yesterday's close, Finish Line's market cap was at $555.83 million.

Price to Earnings (P/E) ratio was at 52.26.

The stock has a dividend yield of 3.23%.

The stock is part of the Services sector, categorized under the Specialty Retail, Other industry. This sector was up 1.4% at the end of the session.

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