At first glance, it looked like Finish Line (FINL) posted pretty decent financial results.
The athletic footwear and apparel retailer matched estimates with fiscal second quarter EPS of 53 cents, with revenue above Street forecasts. Same-store sales rose 5.1%, also besting estimates.
So why is Finish Lines stock price tanking today with shares falling 5.5% to $22.67?
Management said during a post release conference call that September same store sales rose at a rate in the low single digits.http://www.investors.com/news/finish-line-sales-surprise/
Cowen analyst John Kernan, meanwhile, says Finish Line delivered better-than-expected same-store sales at the expense of product margin, which fell 200 basis points due to promotions aimed at clearing out merchandise.
FINL reported above consensus SSS but in-line EPS as product margin pressure and SG&A deleverage caused operating margin to decline y/y. We are lowering our 2H:17 and FY18 EPS estimates and believe consensus EPS growth of +14% for FY18 does not look conservative. FINL trades at a premium to FL (which we prefer) and shares appear fully valued without meaningful operating margin expansion in FY18.
Hot Consumer Service Companies For 2017: Fox Factory Holding Corp.(FOXF)
Fox Factory Holding Corp., incorporated on December 28, 2007, designs, engineers, manufactures and markets performance ride dynamics products for customers across the world. The Company’s brand ride dynamics products are used primarily on bicycles (bikes), side-by-side vehicles (Side-by-Sides), on-road vehicles with off-road capabilities, off-road vehicles and trucks, all-terrain vehicles (ATVs), snowmobiles, specialty vehicles and applications, and motorcycles. The Company’s brands include FOX, FOX RACING SHOX and RACE FACE. The Company’s products include 34 Factory Series FLOAT FIT4, which provides external adjustability with its fourth-generation FOX Isolated Technology and closed-cartridge damper, and includes a self-adjusting negative chamber air spring; X2 technology, utilized in its Factory Series FLOAT and DH rear shocks; PODIUM Internal Bypass, and FLOAT iCD, which provides riders the ability to adjust modes for different skills, terrains and activity levels on mo untain bikes.
The Company holds interests in Sport Truck USA, Inc., which designs, markets, and distributes lift kit solutions primarily through its brands, BDS Suspension and Zone Offroad Products. The Company holds interests in Race Face Performance Products, Inc. and Easton Cycling (USA), Inc. (together Race Face/Easton), which designs, manufactures, and distributes performance mountain and road bike wheels, and other performance cycling components, including cranks, bars, stems and seat posts. The Company offers front fork and rear suspension products designed for cross-country, trail, all-mountain, free-ride and downhill riding primarily for the mountain bike market. Its mountain bike products are sold in various series, including Performance series, Performance Elite series and Factory series. Its suspension component products in the powered vehicle category range from two inch aluminum bolt-on shocks to its position sensitive internal bypass shocks. It al so offers suspension systems, or lift kits, containing its s! uspension components, for use in trucks.
The Company competes with SRAM Corporation, A-Pro, HB Performance Systems, SR Suntour, Vereinigte Drahtwerke AG, Cane Creek Cycling, DVO Suspension, Bos-Mountain Bike Suspensions, Ohlins Racing AB, Amer Sports Corporation, Shimano, Kayaba Industry Co., Ltd., Walker Evans Racing, Works Performance Products, Inc., Penske Racing Shocks, ZF Friedrichshafen AG, Elka Suspension Inc., ThyssenKrupp Bilstein Suspension GmbH, King Shock Technology, Inc., Icon Vehicle Dynamics, Sway-A-Way, Tenneco, TransAmerican Wholesale, Rough Country Suspension Systems, TeraFlex, ReadyLIFT Suspension, Tuff Country EZ-Ride Suspension and Rusty’s Off-Road.
- [By Javier Hasse]
Fox Factory Holding Corp (NASDAQ: FOXF) was down 1.8 percent after posting a 2.16 percent rise over the day.
Finally, Groupon Inc (NASDAQ: GRPN) gained 1.3 percent, continuing with the 3.85 percent spike it experienced on Friday trading.
Hot Consumer Service Companies For 2017: Black Box Corporation(BBOX)
Black Box Corporation provides technology solutions that assist its customers to design, build, manage, and secure their IT infrastructure. It offers IT infrastructure, specialty networking, multimedia, and keyboard/video/mouse switching products. The company also provides communications lifecycle, unified communications, structured cabling, video/AV, in-building wireless, and data center services. It distributes its products primarily through value-added resellers, direct marketing manufacturers, mass merchandisers, Web retailers, and others; and services through value-added resellers, manufacturers, large system integrators, and other technical services companies. It serves government, healthcare, business services, manufacturing, retail, technology, banking, and other industries worldwide. Black Box Corporation was founded in 1976 and is headquartered in Lawrence, Pennsylvania.
- [By Monica Gerson]
Black Box Corporation (NASDAQ: BBOX) is expected to post its quarterly earnings at $0.26 per share on revenue of $218.41 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
5 Best Consumer Service Stocks To Invest In 2017: Coca-Cola Company (The)(KO)
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company primarily offers sparkling beverages and still beverages. Its sparkling beverages include nonalcoholic ready-to-drink beverages with carbonation, such as carbonated energy drinks, and carbonated waters and flavored waters. The companys still beverages comprise nonalcoholic beverages without carbonation, including noncarbonated waters, flavored and enhanced waters, noncarbonated energy drinks, juices and juice drinks, ready-to-drink teas and coffees, and sports drinks. It also provides flavoring ingredients, sweeteners, beverage ingredients, and fountain syrups, as well as powders for purified water products. The Coca-Cola Company sells its products primarily under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Mi nute Maid Pulpy, Dasani, Simply, Glac茅au Vitaminwater, Bonaqua/Bonaqa, Gold Peak, FUZE TEA, Glac茅au Smartwater, and Ice Dew brand names. The company offers its beverage products through a network of company-owned or controlled bottling and distribution operators, as well as through independent bottling partners, distributors, wholesalers, and retailers. The Coca-Cola Company was founded in 1886 and is headquartered in Atlanta, Georgia.
- [By Javier Hasse]
Shares of The Coca-Cola Co (NYSE: KO) lost 4.79 percent on Wednesday, after the announcement of its first quarter financial results. While EPS of $0.45 beat consensus estimates by $0.01, and revenue of $10.28 billion was in-line with expectations, shipment volumes for sodas and other products were quite weak.