Finish line committed to building omni-channel business
30 Mar '12
4 min read
Finish Line comparable store sales on a month-to-date basis for the period of March 4, 2012 through March 25, 2012 increased 10.0% on top of an 8.0% increase for the same period a year ago.
The company is introducing guidance for the fiscal year ending March 2, 2013. Based on strategic investments in technology, stores and digital capabilities required to execute its omni-channel strategy, management expects to generate earnings per share growth in the mid-single digits in fiscal 2013 with comparable store sales expected in the mid-single digits as well.
As the investments begin to drive returns, management expects earnings per share growth to accelerate into the low- to mid-teens beginning in fiscal 2014.
For the first quarter, the company expects comparable store sales to be up in the mid-single digit range. Based on the planned level of strategic investments, combined with lower product margins due to a shift in the promotional calendar, and occupancy cost deleverage, the company expects first quarter earnings per share to be down approximately 30%.
The Finish Line, Inc. is a premium retailer of athletic shoes, apparel and accessories.
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