Finish Line Holds No Interest-Bearing Debt

Citigroup has published a research report for Finish Line Inc. FINL. Apparently Finish Line made a sales miss in its 2Q, for which Citigroup will be "paying close attention to what the company has to say about this on the call, but we would like to highlight 3 issues regarding the miss: (1) this quarter was included June/July which did decelerate to +8.4% in June and +6.5% in July (vs. +12.4% in May) according to NPD Athletic Specialty Channel data and also was weaker for FL when they reported in August, (2) We know based on store checks and NPD that footwear sales were very strong in August (NPD's Aug. accelerated to +9.8%), (3) FINL reported that comps month to date for September were up +6.2%, significantly higher than 2Q's +2% comp." Citigroup maintains its Buy/High Risk rating and $20 price target. Conference call is today (9/24) at 8:30am. Call (660)422-4970, passcode: 10028599. Finish Line Inc. closed yesterday at $15.69.