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Finish Line puts up strong Q2 results

Indianapolis – The Finish Line posted increases in net income, net sales and same-store sales during the second quarter of fiscal 2013. Net income totaled $26.19 million, up 6.1% from about $24.44 million a year earlier.

Consolidated net sales were $436 million, up 13.3 % from $385 million in the same quarter the previous year. Same-store sales rose 0.9%.

For the fiscal year ending March 1, 2014, the company now expects Finish Line comparable store sales to increase low single digits compared to its previous expectations for a slight increase.

“We are pleased to have delivered a solid second quarter performance,” said Finish Line chairman and CEO Glenn Lyon. “The combination of positive comparable sales and good expense control drove a 10% increase in earnings per share over last year. At the same time, we continued to make good progress building our business with Macy’s and growing our Running Specialty Group.”

 

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