Finish Line Sales Miss As Amazon-Nike Threat Rattles Sector

Finish Line (FINL) reported first-quarter sales results below Wall Street estimates Friday as reports Nike (NKE) could start selling its wares on Amazon (AMZN) threaten sports gear retailers.

Finish Line's earnings tumbled 42.5% to 23 cents per share, in line with analyst estimates. But sales fell 6.1% to $429.8 million, under views for $431.6 million. Same-store sales fell 1.1%.

"Following low-single digit comparable sales growth for the combined March/April period, weak traffic trends,...

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