The Finish Line Inc. will outline its strategy to drive future growth and discuss its long-term operating targets at its Investor and Analyst Event. In addition, the Company updated its fiscal first quarter outlook.
Long-Term Operating Targets
The Company is providing a long-term outlook that includes the following goals for fiscal 2016:
• Consolidated net sales of $2 billion;
- Finish Line store sales of $1.4 billion;
- Finish Line digital sales of $450 million;
- The Running Specialty Group sales of $150 million;
• Operating income of $200 million;
• Diluted earnings per share of $2.50; and
• Return on Invested Capital of 25%.
Fiscal First Quarter Updated Outlook
The Company also updated its outlook for the first quarter ending June 2, 2012. Based on current projections, the Company now expects first quarter comparable store sales to increase approximately 8.5% and diluted earnings per share to be between $0.22 and $0.23. This compares to its previous outlook for comparable store sales to increase in the mid single-digit range and diluted earnings per share of approximately $0.21.
The Finish Line, Inc. is a premium retailer of athletic shoes, apparel and accessories. Headquartered in Indianapolis, the company has two retail divisions -- Finish Line, which operates 639 Finish Line brand stores in malls across the U.S., and The Running Specialty Group, which operates 19 specialty running shops in seven states and the District of Columbia under The Running Company banner.
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