The Finish Line (FINL) Reports Increase in Q3 Same-Store Sales, Guides Above for Q3 Earnings

November 30, 2006 7:28 AM EST
The Finish Line, Inc. (Nasdaq: FINL) reported consolidated net sales of $281.5 million for the thirteen weeks ended November 25, 2006, an increase of 2.7% over consolidated net sales of $274.0 million for Q3 last year.

Total Company comparable store net sales for Q3 declined 3.3%. By concept, Finish Line comparable store net sales declined 3.5% and Man Alive comparable store sales increased 3.1% compared to Q3 of last year.

The Company expects to report a loss per diluted share in the range of -$.06 to -$.08 for Q3 as compared to income per diluted share of $.02 reported for Q3 of last year. Current Q3 consensus is -$0.09.

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Guidance, Retail Sales