- FInish Line (NASDAQ:FINL) struggled to sell its products in Q4, leading to a margin-walloping increase in promotions to clear inventory.
- Although management points to the clean inventory sheet, Susquehanna warns that it's clear that the company is losing more market share to Foot Locker (FL +0.1%) due in part to the product assortment.
- Previously: Finish Line misses by $0.21, beats on revenue (March 24)
- Previously: Finish Line lower post FQ4 results (March 24)
- FINL is down 16.44% and traded as low as $12.63.