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Article Date: March 2017
Word Count: 761

Finish Line Has Q4 Loss on Weak Sales, JackRabbit Exit


Little Foot recorded a $9,471,000 loss against income of $4,036,000 in last year’s final quarter ended Feb. 25 on flat sales at $557,452,000 compared to $559,845,000, as the chain suffered a $21,771,000 after tax loss on the disposal of JackRabbit during the period compared to a $4,723,000 loss the prior year from the running specialty operation. Little Foot also had $13,129,000 in impairment and store closing charges this year compared to $43,142,000 last year. This year’s results were considerably below its guidance as Little Foot again missed the target on merchandise selection for a key selling season and was further ... Log in to view full article.

 


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