Home / Knowledge / News / Fashion / Finish Line Merchandise inventories decline
Finish Line Merchandise inventories decline
04
Jan '08
The Finish Line Inc announced results for the third quarter representing the thirteen weeks ended December 1, 2007.

Third Quarter Results:
For the third quarter, the Company reported a loss from continuing operations of $13.8 million, or $.29 per diluted share versus a loss from continuing operations of $1.8 million, or $.04 per diluted share for the thirteen weeks ended November 25, 2006.

For Q3, the non-GAAP loss from continuing operations per diluted share was $.17. The non-GAAP loss from continuing operations excludes $.12 per diluted share for expenses incurred in connection with the pending merger with Genesco Inc. and the related litigation.

A reconciliation of loss from continuing operations per diluted share on a GAAP basis to loss from continuing operations per diluted share excluding these expenses, a non-GAAP financial measure, is found in the table at the end of the release. Diluted weighted average shares outstanding were 47.2 million for Q3 versus 46.9 million for Q3 LY.

Net sales decreased 4.0% to $268.7 million for Q3 compared to $280.0 million reported for Q3 LY. Comparable store net sales decreased 3.6% for Q3 as compared to the 3.3% decrease reported for Q3 LY. As noted in our December 6, 2007 sales release, due to the shift of one week in the retail calendar resulting from last year's 53-week year, Q3 LY included approximately $6.7 million of additional sales due to an additional week of the "Back to School" selling season.


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search