Finish Line (FINL) Misses Q3 EPS by 4c; Plans Store Closings; Boosts Qtr. Dividend

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Go back to Finish Line (FINL) Misses Q3 EPS by 4c; Plans Store Closings; Boosts Qtr. Dividend

Finish Line Reports Third Quarter Fiscal Year 2016 Results

January 7, 2016 7:10 AM EST

Company Announces CEO Transition Plan, Store Profitability Improvement and 11% Quarterly Dividend Increase; Revises Full Year Guidance

INDIANAPOLIS--(BUSINESS WIRE)-- The Finish Line, Inc. (NASDAQ: FINL) today reported results for the thirteen weeks ended November 28, 2015.

For the thirteen weeks ended November 28, 2015:

Consolidated net sales were $382.1 million, a decrease of 3.5% over the prior year period. Finish Line comparable store sales decreased 5.8%. Diluted loss per share was $(0.49).

Our third quarter performance... More

Finish Line Announces Executive Leadership Transition

January 7, 2016 7:05 AM EST

Sam Sato to succeed Glenn Lyon as Chief Executive Officer;
Lyon to Continue in Board Leadership Role

INDIANAPOLIS--(BUSINESS WIRE)-- The Finish Line board of directors announced today that Sam Sato will succeed Glenn Lyon as chief executive officer of The Finish Line, Inc. (NASDAQ: FINL) effective February 28, 2016. Lyon, who currently serves as CEO and chairman of the board, will serve as executive chairman of the board through the end of calendar year 2016. At the beginning of 2017, Lyon will transition to the role of non-executive chairman of the... More