Finish Line swings to loss as it shutters Man Alive

Indianapolis The Finish Line said on Thursday that it lost $874,000 in the second quarter, compared with a profit of $13.1 million last year, mostly because of the Man Alive street wear stores business it exited in July.

Revenue fell 11.4% to $298.7 million, from $337 million a year ago.

The operating results matched the expectation of analysts surveyed by Thomson Reuters, although revenue fell short of the $305.6 million they were expecting.

The Finish Line said same-store sales fell 9.9%.