Detroit Bear
Deep value, special situations, long-term horizon, value

Finish Line Setting Up For High Performance

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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details