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Article Date: March 2018
Word Count: 200

Finish Line Has Profit Against Loss in Q4


Net income was $16,341,000 against a loss of $9,471,000 for the 14 weeks ended Mar. 3 as sales inched up 1% to $561,299,000 against $557,452,000 in Little Foot’s final report as an independent public company. On a comparable 13 week basis, Finish Line store comps decreased 7.9% while the Macy’s shops rose 8.5%. This year’s results included impairment and store closing charges of $27,912,000 against $13,129,000 last year but an income tax benefit of $4,842,000 against a liability of $7,919,000 last year. It closed 10 stores for the period net and closed 20 for the year. Little Foot, which did ... Log in to view full article.

 


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