Finish Line Inc. A diskutieren

strong buy

 Finish Line Inc's quarterly results raced past Wall Street estimates as the athletic footwear retailer improved inventory management to spur sales. Finish Line's largest supplier Nike Inc also reported a higher second-quarter profit on Tuesday. For the quarter ended Nov. 27, net income was $4.1 million, or 8 cents a share, compared with $6.5 million or 12 cents a share, a year ago. Revenue rose nearly 9 percent to $260.9 million. Same-store sales increased 10.1 percent. Analysts on average had expected the company to earn 5 cents a share on revenue of $249.5 million, according to Thomson Reuters I/B/E/S. Merchandise inventories increased by 10.4 percent to $262.2 million at the end of the third quarter, while the company had posted disappointing second-quarter results because it didn't restock hot items in time. Despite the patchy economic recovery, retailers like Finish Line, and Foot Locker Inc that sell footwear under brands like Nike, Converse, Puma and Adidas, have been witnessing improving demand for athletic and running footwear. Last month, larger rival Foot Locker posted strong third-quarter results, as demand for running shoes spurred comparable-store sales and gross margin expansion.

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