Finish Line’s sales gained 2.3 percent year over year, to $453.5 million, topping forecasts for sales of $449.6 million.
Market watchers are attempting to separate one-time hiccups from persistent challenges at Finish Line.
In another move, the company said it would close up to 150 locations, or 25 percent of its store base, over the next four years to boost profitability.
In addition to beating the Street’s EPS and revenue estimates, Finish Line posted a 5.5 percent jump in comp-store sales.
Indianapolis-based Finish Line Inc. reported third quarter earnings that showed some gains in sales, but a profit miss.