more pressure on FINL ~~~ I would expect to see some moves by B.O.D. soon !?!?!?!!
Shares of Finish Line (FINL - commentary - Cramer's Take) fell modestly after the athletic-wear retailer posted mixed second-quarter results. For the period ended Aug. 26, the company earned $9.9 million, or 21 cents a share, down from $18.9 million, or 38 cents a share, a year earlier. Revenue declined to $338.6 million from $341.6 million, while same-store sales fell 6.6%. The earnings beat analysts' expectation of 20 cents a share, revenue missed targets of $339.9 million.
"Our sales performance during the back-to-school selling season was below expectations and more promotional than the previous year, and we expect business to remain challenging during the second half of the fiscal year," Finish Line said. Shares were trading down 6 cents to $12.24.