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Finish Line net sales of same-store drops 2% for Q2
30 Aug '05
3 min read
During Q2, the Company opened 16 new Finish Line stores, remodeled seven existing stores and closed two stores. The Company did not open, remodel or close any Man Alive stores during the quarter. As of August 27, 2005, the Company operated 639 Finish Line stores compared to 564 at August 28, 2004, an increase of 13 percent. In addition, Finish Line store square footage increased 11 percent to 3,605,000 square feet compared to 3,247,000 square feet at the end of Q2 last year. As of August 27, 2005, Man Alive operated 38 stores totaling 107,000 square feet.
The Company repurchased 100,000 Class A Common Shares during Q2 under the current 5,000,000 share repurchase authorization, which expires December 31, 2007.
The Company expects to report earnings for Q2 on Thursday, September 22nd, after the market closes followed by a live conference call Friday morning, September 23rd at 8:30 am ET.
The Company has made available a recorded message covering the second quarter sales by dialing 1-706-645-9291 (Conference ID# = 8998008).
This replay will be available for 48 hours beginning approximately 7:00 a.m. ET Tuesday, August 30th. After the initial 48 hour period the recording will be available at website through September 8th.
The Company has experienced, and expects to continue to experience, significant variability in net sales and comparable store net sales from quarter to quarter. Therefore, the results of the periods presented hereinare not necessarily indicative of the results to be expected for any other future period or year.
The Finish Line Inc is one of the nation's leading athletic specialty retailers offering the best selection of footwear, apparel and accessories for men, women and kids.
Finish Line is publicly traded on the NASDAQ National Market under the symbol FINL and currently operates 639 Finish Line stores in 47 states and online. In addition, the Company also operates 38 Man Alive stores in nine states.
The Company repurchased 100,000 Class A Common Shares during Q2 under the current 5,000,000 share repurchase authorization, which expires December 31, 2007.
The Company expects to report earnings for Q2 on Thursday, September 22nd, after the market closes followed by a live conference call Friday morning, September 23rd at 8:30 am ET.
The Company has made available a recorded message covering the second quarter sales by dialing 1-706-645-9291 (Conference ID# = 8998008).
This replay will be available for 48 hours beginning approximately 7:00 a.m. ET Tuesday, August 30th. After the initial 48 hour period the recording will be available at website through September 8th.
The Company has experienced, and expects to continue to experience, significant variability in net sales and comparable store net sales from quarter to quarter. Therefore, the results of the periods presented hereinare not necessarily indicative of the results to be expected for any other future period or year.
The Finish Line Inc is one of the nation's leading athletic specialty retailers offering the best selection of footwear, apparel and accessories for men, women and kids.
Finish Line is publicly traded on the NASDAQ National Market under the symbol FINL and currently operates 639 Finish Line stores in 47 states and online. In addition, the Company also operates 38 Man Alive stores in nine states.
Finish Line Inc
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