Q2 brings loss for Finish Line
Indianapolis — Finish Line’s second quarter took a hit, the company reported Thursday, as any profit it would have made was erased by its July exit from its unprofitable Man Alive chain. The Indianapolis-based footwear retailer on Thursday reported a second-quarter loss of $874,000, or 2 cents a share, for the period ended Aug. 29. That compares with a profit of $13.1 million, or 24 cents a share, in the same quarter last year.
The results included a loss of 23 cents a share from discontinued operations of Man Alive. Earnings from continuing operations fell to $11.7 million, or 21 cents a share, from $14.9 million, or 27 cents, a year ago. The stock closed down 12 cents Thursday at $9.30. (Star report)
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