Consolidated net sales increased 0.3 percent to $909.2 million YTD compared to $906.8 million for YTD LY. Comparable store net sales decreased 5.8 percent YTD as compared to the 0.9 percent increase reported for YTD LY.
Total merchandise inventories on a consolidated basis were $356.9 million at November 25, 2006 compared to $311.5 million at Q3 LY. On a per square foot basis, Finish Line store merchandise inventories increased 5 percent compared to one year ago.
The Company operated 692 Finish Line stores at November 25, 2006, an increase of 5 percent over the 658 stores operated one year ago.
For the quarter, Finish Line opened 21 new stores, remodeled 4 existing stores and closed one store with retail square footage increasing 4 percent to 3,854,000 at November 25, 2006 versus 3,707,000 at November 26, 2005.
The Company opened 12 new Man Alive stores during the third quarter. As of November 25, 2006, Man Alive operated 88 stores totaling 288,000 square feet. The Company opened 6 Paiva stores during the quarter and as of the end of Q3 operated 12 stores totaling 47,000 square feet.
CONFERENCE CALL: The Company is hosting a live conference call at 8:30 am (ET) on Thursday, December 21st.
Interested parties may participate in the call by calling 1-706-634-5566 (Conference ID# is 2435244). Those interested in listening to the call on the web.
marketing@alchempro.com
