Finish Line Inc. said its normalized net income for the fiscal second quarter ended Aug. 30 was 56 cents per share, compared with the S&P Capital IQ consensus estimate of 60 cents per share.
In the prior-year period, the per-share result came in at a profit of 56 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $27.0 million, compared with $27.1 million in the prior-year period.
The normalized profit margin dropped to 5.8% from 6.2% in the year-earlier period.
Total revenue increased 7.1% year over year to $466.9 million from $436.0 million, and total operating expenses increased 7.8% from the prior-year period to $423.6 million from $393.1 million.
Reported net income came to $26.0 million, or 54 cents per share, compared to $26.3 million, or 54 cents per share, in the prior-year period.
