Finish Line's Problems Aren't Just One-Time
Thu, Jan. 7, 7:57 AM
- Finish Line (NASDAQ:FINL) reports comparable-store sales fell 5.8% during FQ3 as a supply chain disruption impacted its business.
- The issue prevented fresh inventory from hitting selling channels.
- Cost of sales during FQ3 rose 3.3% to $293.57M, despite the lower sales volume.
- The company says FQ4 comparable-store sales are up 6.2% through January 2.
- Guidance for the full fiscal year is for EPS of $1.18 to $1.23.
- FINL -15.95% to $15.55.
- Previously: Finish Line misses by $0.45, misses on revenue (Jan. 07 2016)
Thu, Jan. 7, 7:19 AM
- Finish Line (NASDAQ:FINL): FQ3 EPS of -$0.49 misses by $0.45.
- Revenue of $382.09M (-3.5% Y/Y) misses by $25.83M.
Wed, Jan. 6, 5:30 PM
Dec. 23, 2015, 7:34 AM
- Brean Capital upgrades Finish Line (NASDAQ:FINL) to a Buy rating after having the stock slotted at Hold.
- The investment firm thinks comparable-store sales growth and margins will show improvement in Q4.
- Related: Thriving times for athletic footwear (Dec. 19 2015)
- Related: Nike at all-time high after futures orders impress (Dec. 22 2015)
Dec. 19, 2015, 10:41 AM
- Total U.S. athletic footwear point-of-sales rose 10.7% Y/Y for the week ending December 12, according to data from Sportscan.
- Unit sales were up 5.7%, while the average selling price increased 4.7% during the week. Both marks easily top growth rates across broad retail.
- Sales in the basketball category were up 20% from the corresponding week a year ago. Nike (NYSE:NKE), Adidas (OTCQX:ADDYY), and Under Armour (NYSE:UA) are the dominate basketball players, while Foot Locker (NYSE:FL) and Finish Line (NASDAQ:FINL) are thriving selling channels. On a side note, Finish Line's website was queuing visitors this morning due to heavy traffic.
- The casual athletic footwear category was up even hotter than basketball with a 32% pop. Wolverine Worldwide (NYSE:WWW) and Skechers (NYSE:SKX) are likely to have scored a lot of that action. Nike's Converse brand is also a major force in casual athletic. Sales of the iconic Chuck Taylor line have almost doubled over the last five years to top $2B.
- Running shoes sales increased 7.6% during the key week.
- Sector leader Nike reports earnings on December 22. A strong read on futures orders could resonate across the industry.
- Previously: Confidence in Nike ahead of earnings week (Dec. 18)
Dec. 17, 2015, 7:07 AM
Dec. 9, 2015, 9:06 AM
- The extended forecast from the National Weather Service for the U.S. shows the warm weather trend continuing for a large portion of the nation.
- The warm snap already impacted some categories in the retail sector around the Black Friday to Cyber Monday period, but now threatens to dampen or push out later on the calendar sales for certain items.
- The weather excuse is a frequent topic on Q4 earnings conference calls.
- The flip side of the U.S. weather issue is the performance of FedEx (NYSE:FDX) and UPS (NYSE:UPS). The shippers benefit on the expense side from calm weather in high population areas during the holiday period.
- Snow cover map of the U.S.
- Weather-watching: DKS, ACAT, HIBB, DKS, CRI, DECK, LE, COLM, ARO, AEO, ANF, TGT, UA, FL, FINL.
Nov. 30, 2015, 12:55 PM
- It's not a happy Cyber Monday for most retail chain stock on broad concerns over soft store traffic and weak pricing.
- Notable decliners include Guess (GES -5.5%), Express (EXPR -4.6%), Zumiez (ZUMZ -7%), Foot Locker (FL -1.7%), Finish Line (FINL -2.1%), Urban Outfitters (URBN -4.4%), Francesca's (FRAN -2.9%), DSW (DSW -2.7%), and Men's Wearhouse (MW -3.3%).
- Discounters are down sharply, led by Big Lots (BIG -5.4%), Gordmans Stores (GMAN -6%), and Five Below (FIVE -4.3%).
- Big box retailers Wal-Mart (WMT -1.3%), Costco (COST -1.4%), and Target (TGT -1.4%) are lower with concerns over website capabilities lingering in the background. Best Buy (BBY +1.1%) is a bit of a surprise with a 1.4% gain after reports indicate demand for Apple products is exceptionally strong.
- Specialty retailers such as The Container Store (TCS +1.6%), Party City (PRTY +1.2%), and The Michaels Companies (MIK +1.4%) are also retail outliers as consumers are seen spending a higher percentage of their disposable income close to their homes.
- Previously: Retail stocks on watch after Amazon scoops up more Black Friday sales (Nov. 30 2015)
- Previously: Department stores stocks weak on holiday sales anxiety (Nov. 30 2015)
Nov. 24, 2015, 10:37 AM
- Cold weather apparel sellers finally received a bit of good news when Redbook cited seasonal items helped move along overall chain store sales last week.
- The sector is looking to play catch-up after October saw warmer-than-normal temperatures across a majority of the U.S.
- Looking for a cold snap: Dick's Sporting Goods (NYSE:DKS), Columbia Sportswear (NASDAQ:COLM), Lands' End (NASDAQ:LE), Hibbett Sports (NASDAQ:HIBB), Under Armour (NYSE:UA), Nike (NYSE:NKE), Carter's (NYSE:CRI), Finish Line (NASDAQ:FINL), Deckers Outdoor (NYSE:DECK).
- Previously: Redbook Chain Store Sales (Nov. 24 2015)
Nov. 20, 2015, 11:47 AM
- The S&P Retail ETF (NYSEARCA:XRT) is up 1.9% with apparel and footwear stocks doing much of the heavy lifting.
- A vibrant rally in sports stocks was sparked by earnings reports and Nike. Iconix Brand (ICON +2.5%), G-III Apparel (GIII +3%), DSW (DSW +3.7%), Finish Line (FINL +3.1%), Caleres (CAL +2.2%), Genesco (GCO +3.5%), and Shoe Carnival (SCVL +1.7%) join the list reported on earlier.
- Luxury names are on the move with Kate Spade (KATE +2%), Fossil (FOSL +2.9%), Coach (COH +1.4%), and Movado (MOV +2.7%) higher.
- The beat-up mall retailer group is also recovering after results from Gap (GPS +6%) and Abercrombie & Fitch (ANF +19.4%) topped worst-case scenarios. American Eagle Outfitters (AEO +2.3%), Guess (GES +4.6%), and Pacific Sunwear (PSUN +5.4%) are notable gainers.
- Big box retailers are the laggards today. Wal-Mart, Target (TGT +0.6%), and Costco (COST +0.6%) are right at market index averages.
Nov. 10, 2015, 8:31 PM
- The headaches continue for a large part of the retail sector impacted by a slower pace of sales than anticipated this fall.
- Warmer weather than normal have held back outerwear and winter clothing demand, while mall traffic continues to be underwhelming.
- The high level of unsold inventory on shelves at retail chains is likely to lead to more promotions and discounts heading into the crucial Black Friday period, observes the WSJ. That trend could hurt manufacturers and sellers alike.
- Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, FXD, PEJ, FDIS, RCD, PMR, UGE, SZK.
- Related stocks: FL, FINL, KORS, COH, DSW, DKS, SKX, JCP, M, SHLD, KSS, JWN, TJX, ROST, BONT, AEO, ANF, ARO, CAL, CROX, SMRT, BKE, CTRN, GPS, LB, RL, PVH.
Nov. 2, 2015, 9:43 AM
- NPD Group reports classics footwear sales rose 40% Y/Y in September. The astonishing jump was led by retro running and basketballs shoes.
- Nike (NYSE:NKE) and Adidas (OTCQX:ADDYY) are leaders in the category, while New Balance (private) and Asics (OTC:ASCCF, OTCPK:ASCCY) are also thinking retro. Foot Locker (NYSE:FL) and Finish Line (NASDAQ:FINL) benefit on the margin front from a higher mix of classics.
Oct. 23, 2015, 10:37 AM
- Shoe stocks are falling sharply after earnings reports from Skechers (SKX -34%) and Under Armour (UA -4.1%) reset expectations on a sector where valuation has been stretched out.
- Decliners today include Rocky Brands (RCKY -1.7%), Crocs (CROX -2.2%), Steven Madden (SHOO -6.2%), Deckers Outdoor (DECK -4.5%), Columbia Sportswear (COLM -9.2%), Nike (NKE -1.8%), DSW (DSW -3.7%), and Caleres (CAL -4.3%).
- Retail shoe selling channels such as Dick's Sporting Goods (DKS -2.3%), Foot Locker (FL -5.8%), and Finish Line (FINL -4.4%) are also sinking.
- Previously: Revenue miss at Skechers has investors scrambling (Oct. 23 2015)
Oct. 15, 2015, 10:09 AM
- Finish Line (NASDAQ:FINL) declares $0.09/share quarterly dividend, in line with previous.
- Forward yield 1.94%
- Payable Dec. 14; for shareholders of record Nov. 27; ex-div Nov. 24.
Sep. 25, 2015, 12:44 PM
Sep. 25, 2015, 9:12 AM
- Finish Line (NASDAQ:FINL) is sharply lower after a deceleration in comparable-store sales caught investors off guard.
- The 1.5% comp delivered during the quarter was well-below the 5.5% mark from Q1 and missed the estimates of analysts who expected a 3% to 4% gain.
- Some analysts think Finish Line was priced to perfection heading into the quarterly report.
- Previously: Finish Line EPS in-line, misses on revenue
- Previously: More on Finish Line's FQ2
- FINL -8.16% premarket to $22.75.
The Finish Line, Inc. is a premium retailer of athletic shoes, apparel and accessories for men, women and kids throughout the U.S. It operates through two retail divisions, one under the Finish Line brand name and another under the Running Specialty Group. The Finish Line division is a retailer... More
Industry: Apparel Stores
Country: United States
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