Consolidated comparable store net sales decline at Finish Line
06 Mar '08
2 min read
The Finish Line Inc reported consolidated net sales from continuing operations of $382.8 million for the thirteen weeks ended March 1, 2008 (4th quarter or Q4), compared to consolidated net sales from continuing operations of $425.7 million for the fourteen weeks ended March 3, 2007 (Q4 LY).
Consolidated comparable store net sales declined 6.0% for the thirteen-week period ended March 1, 2008, compared to the same thirteen-week period last year ending March 3, 2007. By concept, Finish Line comparable store net sales declined 5.4% and Man Alive comparable store net sales decreased 14.2%.
For the fifty-two weeks ended March 1, 2008, consolidated net sales from continuing operations were $1.277 billion versus consolidated net sales from continuing operations of $1.332 billion for the fifty-three weeks ended March 3, 2007.
Comparable store net sales decreased 4.7% for the fifty-two week period ended March 1, 2008, compared to the fifty-two week period last year ending March 3, 2007. By concept, Finish Line comparable store net sales declined 4.5% and Man Alive comparable store net sales decreased 8.8%.
The Company did not repurchase any shares of Class A Common Stock during Q4 under the stock repurchase authorization, which expired December 31, 2007. The Company repurchased 2,584,617 shares (at a total cost of $35.5 million) of the five million shares authorized throughout the entire buyback period.
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