US athletic footwear retailer The Finish Line boosted profits on a slight revenue rise in the second quarter, in what the company described as a “productive quarter”.
“A 48% increase in earnings per share and improved operating margins on a 2% comp store sales increase is a productive quarter,” said Finish Line Chairman and chief executive officer Glenn Lyon. “We continue to prove that we can effectively leverage even a modest sales gain as we did this quarter and we are making investments within our existing business to drive top line growth.
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“At the same time, we are also assessing growth opportunities outside of our core business. As we pursue these opportunities, we will continue to be disciplined in the process and build upon our core competencies as well as the strong bond we’ve forged with our customers.”
Click here to read the company’s full Q2 report.
