Finish Line net sales up 23% to $12.7mn for Q1 ended May 28
24 Jun '05
3 min read
Mr. Cohen stated, "We are pleased to report a 23% increase in net income for the first quarter of Fiscal 2005, which is on top of earnings increases of 59% and 78% for the same quarter the previous two years. We continue to drive significant improvement in our financial performance as gross profit margin improved 30 basis points from Q1 LY while SG&A expense improved 10 basis points versus Q1 LY. We are well positioned and optimistic as we approach the Back-to-School selling season."
Conference Call:
The Company is hosting a live conference call at 8:30 a.m. (ET) on Friday June 24th. Interested parties may participate in the call by calling 1-706-634-5566 (conference leader is Steve Schneider and conference ID# is 6851088). Those interested in listening to the call on the web can do so at http://www.finishline.com under Investor Relations.
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 herein are not necessarily indicative of the results to be expected for any other future period or year.
The Finish Line Inc offers 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 625 Finish Line stores in 46 states and online. In addition, the Company also one ne is publicly traded on the NASDAQ National Market under the symbol FINL and currently operates 625 Finish Line stores in 46 states and online. In addition, the Company also operates 38 Man Alive stores in nine states.
marketing@alchempro.com
