24.06.2016 - Finish Line's profit fell to 9.6 million dollars
Company Finish Line has become the latest retailer in the US, which published the results for the previous quarter. The company closed a number of stores, but continues to increase online sales, which according to company estimates will continue to grow this year. As a result, for the quarter that ended March 28 retailer earned a profit of 9.6 million dollars compared with 13.7 million a year earlier. On the other hand, revenues increased by 2.3% to 453.5 million dollars. We forecast a decline in shares of the company by 10-12% in the medium term.