• Q2 profit down 0.1% to $26.2m
  • Sales rise 7.1% to $466.9m
  • Comparable store sales climb 1.5%

Softness within its basketball offering resulted in a slight drop in first-quarter net profit for US athletic apparel and footwear retailer The Finish Line.

Net income edged down 0.1% to US$26.2m for the 13 weeks to 30 August. Net sales, however, increased 7.1% to $466.9m from $436m last year, while comparable store sales edged up 1.5%.

"Our second quarter results fell short of our expectations due to softness within elements of our basketball offering while our running business was up mid single digits driven by casual and performance styles," said chairman and CEO Glenn Lyon.

"We are confident that we can re-accelerate sales trends in basketball by working closely with our brand partners to improve our assortments. In combination with our market leadership position in running, advanced omni-channel capabilities and growing business relationship with Macy's, this will fuel sustainable sales and earnings growth over the long-term."