What Finish Line's Earnings Mean For Mutual Fund Investors (FINL)

Before the opening bell on Friday, Finish Line (FINL) released its fourth quarter financial results. Here’s what the results mean for mutual fund investors.

Inside FINL’s Results

Earnings

The company reported earnings of $40.8 million, or 87 cents per share, compared to $43.0 million, or 87 cents per share, last year. Adjusted EPS came in at 88 cents per share, above analysts’ estimate of 85 cents.

Revenue
Sales rose 6.3% to $551.35 million from $518.87 million. Analysts expected to see $550.34 million in revenue. Comparable store sales increased 2.6%.

Low Mall Traffic

Like many specialty retailers, Finish Line has struggled within the highly competitive retail environment that forces companies to offer increased promotions. The company has also been faced with the lower overall mall traffic.

Over the past year, FINL has underperformed both the S&P 500 and the retail industry.

Mutual Funds to Watch

Investors interested in FINL may be interested in the funds listed below. These funds currently have the largest stakes in the company.

The Bottom Line

The funds listed above allow investors to gain exposure to FINL while remaining diversified. Investors interested in FINL may also be interested in Nike (NKE) or Under Armour (UA).

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