Specialty footwear retailer Finish Line (NASDAQ:FINL) started out its 2015 fiscal year with a bang posting robust sales and earnings growth. Finish Line delivered on its Macy's (NYSE:M) store within a store expansion driving total revenue up 15.8% y/y to $406.5 million. Same-store sales also surged 5%, and EPS was up 40% y/y on a non-GAAP basis ($0.28).
Let's take a look at recent results as well as a quick take at the prevailing competitive landscape of the footwear space that I think sets up Finish Line to earn a premium multiple and higher share price.
Q1 Really Fired on All Cylinders
As I noted previously, time line growth totaled 15.8% y/y, and non-GAAP EPS was...
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