Finish Line Shares Fall as Executives Report Slower Sales Gains
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Finish Line Inc. shares fell after executives reported that sales gains had slowed this month, prompting concern that momentum from last quarter is fading.
Chief Financial Officer Ed Wilhelm said on a conference call that comparable-store sales so far in September have risen at a low-single-digit percentage rate. That follows an increase of 5.1 percent in the company’s fiscal second quarter, which ended Aug. 27.