Finish Line Inc.’s third-quarter loss shrank with cuts in costs and inventory, but the company missed Wall Street’s estimate.
For the quarter ended Nov. 29, the Indianapolis-based athletic retailer posted a net loss of $8.8 million, or 16 cents a diluted share, compared with a loss of $16 million, or 34 cents a share, for the year-ago period. Excluding discontinued operations, the net loss for the 2007 quarter was $13.8 million, or 29 cents a share. Quarterly revenue declined 4.4 percent, to $256.9 million from $268.7 million, and was off 3.6 percent on a comparable-store basis. Comps fell 3.3 percent at Finish Line stores and 6.8 percent at Man Alive units.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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