Strong comparable-store sales and a growing relationship with Macy’s Inc. helped The Finish Line Inc. more than double its first-quarter profits, which easily exceeded analysts’ consensus estimates.
In the 13 weeks ended May 31, the Indianapolis-based retailer of athletic footwear, apparel and accessories registered net income of $12.4 million, or 25 cents a diluted share, nearly two-and-a-half times the $5.1 million, or 10 cents, posted during the first quarter of fiscal 2013. On an adjusted basis, eliminating the effect of impairment charges, EPS hit 28 cents, 7 cents above the analysts’ consensus estimate of 21 cents.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)