Finish Line Q4 profit up, but forecasts difficult first quarter
Indianapolis -- Finish Line Inc. posted earnings of $41.9 million for the fourth quarter, compared with $34.2 million in the year-ago period. But the chain forecast a plunge in first-quarter earnings due to lower margins.
Sales in the quarter ended March 3, 2012, rose 18.6% to $456.3 million, ahead of analyst estimates of $432.62 million. Same-store sales rose 10.8%.
For the full fiscal year, consolidated net sales increased 11.4% to $1.37 billion. Same-store sales increased 9.2%.