Finish Line (NASDAQ:FINL) revealed income from continuing operation for the fourth quarter of $ 16.31 million or 40 cents per share, compared to income of $ 12.30 million or 30 cents per share, in the year-ago period.
On adjusted basis, FINL reported Non-GAAP from continuing operations $ 24.33 million or 59 cents per share, which primarily excludes the impact from impairment charges and store closing costs and its revaluation of its deferred tax liability as a result of the Tax Cuts and Jobs Act, were $0.59.
Headquartered in Indianapolis, Indiana, the company disclosed, net sales that reached $ 561.30 million, rose 1% from $ 557.45 million a year ago.
The consensus estimates from Thomson Reuters are income of $ 0.57 per share from $ 577.47 million in revenue.
Sam Sato, CEO, said, While we anticipated that our business would be under pressure during the fourth quarter due to a difficult selling environment for athletic footwear, sales ended up being down more than we forecasted.