>>
Home / Knowledge / News / Fashion / Finish Line stores drive higher product margins

Finish Line stores drive higher product margins

28
Mar '08
The Finish Line Inc announced results for the fourth quarter representing the thirteen weeks ended March 1, 2008 and the fifty-two week fiscal year ended March 1, 2008 (Fiscal 2008). The Company's prior fiscal year, which ended March 3, 2007 (Fiscal 2007), reflected a fourteen week fourth quarter and fifty-three week fiscal year, thereby adding one additional week to the Fiscal 2007 fourth quarter and fiscal year periods.

Fourth Quarter Results:
For the fourth quarter, the Company reported a loss from continuing operations of $38.6 million, or $.82 per diluted share versus income from continuing operations of $25.8 million or $.54 per diluted share for the fourteen weeks ended March 3, 2007 (Q4 LY).

For Q4, the non-GAAP income from continuing operations per diluted share was $.45 as compared to $.51 for Q4 LY. The Q4 non-GAAP income from continuing operations excludes a pretax charge of $81.5 million ($1.20 per diluted share) for costs related to the Genesco merger litigation and settlement. Also excluded is a pre-tax charge of $5.7 million ($.07 per diluted share) for the non-cash impairment charge to write down long-lived assets for 26 stores pursuant to SFAS No 144.

For Q4 LY, the Company has excluded a pretax charge of $3.6 million ($.05 per diluted share) for non-cash asset impairment charges and excluded the estimated $.08 per diluted share benefit, which was a result of the additional week in Q4 LY.

A reconciliation of loss from continuing operations per diluted share on a GAAP basis to income 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.


Must ReadView All

Pic: Anton_Ivanov / Shutterstock.com

Retail | On 27th Jan 2022

UK retail sales volumes fall at fastest rate in 11 months in Dec 2021

UK retail sales volumes fell by 3.7 per cent in December 2021, the...

Pic: Shutterstock

Textiles | On 27th Jan 2022

New train route links China’s Suzhou city to Milan in Italy

A new China-Europe freight train route has been started between...

Pic: Shutterstock

Apparel/Garments | On 27th Jan 2022

UN-WTO report underrates Bangladesh's RMG industry progress: BGMEA

The recent United Nations-World Trade Organisation joint report has...

Interviews View All

Water stewardship, Stakeholders

Water stewardship
Stakeholders

Water use efficiency remains relatively unexplored

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor customises her own pair of...

Dhiraj Shah,

Dhiraj Shah

The Synthetic & Rayon Textiles Export Promotion Council (SRTEPC), set...

Juan Pares Boj,

Juan Pares Boj

Textil Santanderina is a cutting-edge textile company located in...

Tonny De Beer, PFNonwovens

Tonny De Beer
PFNonwovens

PFNonwovens (PFN) was established in 2018 by the combination of two...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

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

ESTEEMED CLIENTS

Aquarelle Clothing Limited
Decathlon
Tommy Hilfiger
Desigual - ABASIC, S.A.
Lenzing Aktiengesellschaft
The LYCRA Company Singapore  Pte. Ltd
H;&M Hennes ;& Mauritz (Far East) Ltd
Phong Phu international JSC (PPJ)
Recron Polyester from Reliance Industries Limited
Grasim Industries Limited
Abit
NITI Aayog
Hirdaramani International Export Private Limited
Under Armour Global Sourcing Ltd
J ;& P Coats
Restoque S.A.
Gap International Sourcing Limited
Walmart
Lifestyle
Amazon China
Bluestem Global Sourcing Limited
Lululemon Athletica Inc
Helly Hansen Far East Ltd
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Lisa S.P.A.
Alison Hayes Romania
Sateri (Jiujiang) Fiber Co.,Ltd
John Varvatos
Lacoste (Wanchai)
THE BOMBAY DYEING ;& MFG.CO. LTD
Calvin Klein
Rayonese Textile Inc., Division de Culp Inc.
Babyshop
Huntsman (Singapore) Pte Ltd
Maceton Limited
OVS Hong Kong Sourcing Ltd.
Chori Company Limited
Green Fibre
Rosset ;& Cia Limited
Varner AS Retail
Chico’ FAS
KIABI
International Textile Manufacturers Federation
Alix Partners
SYNERGIES HONG KONG LIMITED
IDH – The Sustainable Trade Initiative
Landmark Group
Sportswear Company Spa
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Vardhman Textile Ltd
Gokaldas Exports Limited
Midas Clothing Limited
SHAHI Exports Pvt Ltd
Puma
Gloria Jeans
Gatsby Africa
Tory Burch Hong Kong Ltd
Arvind Limited
Esprit Europe Services GmbH
Asos
Seasalt Limited
Brandix Lanka Limited
Target Corporation (MN)
Etam Group Strategy Hong Kong Limited
BIANCA
PVH Corporation
Reiter India Private Limited
G-Star Raw C.V.
MAS Active / MAS Kreeda / MAS Bodyline
Cat Tuong Real Estate Group Joint Stock Company
Splash
Groz-Beckert East Asia LLP
Hela Clothing Pvt Ltd
Benetton Group
Sportmaster Ltd.
Page Industries Limited (Bangalore)
Truetzschler India Private Limited
LC Waikiki
C;&A Sourcing International Ltd
TESCO INTERNATIONAL SOURCING LIMITED
Vianney Textil Hogar S.A. De C.V.
IKEA of Sweden AB
Aramark Uniform ;& Career Apparel, LLC
The Top Form Brassiere Manufacturing Company Limited
BIMBA ;& LOLA SL
Sainsbury's Argos Asia Limited
Tchibo GmbH
Eastman Chemical Company
Permoda(Koaj/Armi/Pronto/Bkul)
T.T. Limited

January 2022

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


Advanced Search