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
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
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
