Positive results at The Finish Line
02/04/2007
Fourth quarter sales at US-based footwear retailer The Finish Line, Inc. increased 7.5% to $429 million for the fourteen-week period ended March 3, compared with $399.2 million for the same period in 2005. Excluding the fourteenth week (approximately $24.2 million of sales), sales increased 1.4%.
Net sales for the year increased 2.5% to $1.34 billion compared with $1.31 billion for fiscal 2006. Excluding the fifty-third week, net sales increased by 0.6%.
Net income declined to $21.1 million versus $28.1 million, whilst net income for the fifty-three week full-year was $32.4 million compared with $60.5 million in 2006.
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