FNLY Nov/Dec Comps Up 1%; Guides Lower

Finlay Enterprises, Inc. (Nasdaq: FNLY) announced today that comparable department sales (departments open for the same months during the comparable period) for the two-month period including November and December increased 1.0% in its go-forward doors. Comparable department sales for the two-month period including discontinued stores decreased 0.6%.

As a result of lower sales than previously projected for the November/December period, the Company now estimates full year diluted earnings per share of $1.65 to $1.75. The Company's previous earnings estimate was $1.80 to $2.00 for fiscal 2005.

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