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Home / Knowledge / News / Fashion / Athletic retailer Finish Line declares Q3 earnings

Athletic retailer Finish Line declares Q3 earnings

22
Dec '05
Alan H. Cohen, Chief Executive Officer of Nation's leading athletic specialty retailers Finish Line Inc announced earnings for the third quarter representing the thirteen weeks ended November 26, 2005.

Net income for the thirteen weeks ended November 26, 2005 (the "third quarter" or "Q3") was $845,000 ($.02 per diluted share) a decrease of 62 percent versus net income of $2.2 million ($.04 per diluted share) for the thirteen weeks last year ended November 27, 2004 ("Q3 LY"). Diluted weighted average shares outstanding were 49,058,000 for Q3 versus 49,361,000 shares outstanding for Q3 LY.

Consolidated net sales increased 16 percent (sixteen percent) to $274.0 million for Q3 compared to $235.3 million reported for Q3 LY. Comparable store net sales increased 4 percent (four percent) for Q3 on top of an increase of 8 percent (eight percent) reported for Q3 LY.

YEAR-TO-DATE RESULTS:
Net income for the thirty-nine weeks ended November 26, 2005 ("YTD") was $32.5 million ($.65 per diluted share) a decrease of 2 percent versus net income of $33.1 million ($.67 per diluted share) for the thirty-nine weeks last year ended November 27, 2004 ("YTD LY"). Diluted weighted average shares outstanding were 49,605,000 for YTD versus 49,302,000 shares outstanding for YTD LY.

Consolidated net sales increased 13 percent (thirteen percent) to $906.8 million YTD compared to $805.4 million for YTD LY. Comparable store net sales increased 1 percent (one percent)YTD on top of a 9 percent (nine percent) increase reported for YTD LY.


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