The Finish Line, Inc. has reported net sales of $341.6 million for the 13 weeks ended August 27, 2005, an increase of 9% over net sales of $312.2 million for Q2 last year. But comparable store net sales for Q2 fell 2%, compared to an increase of 6% reported for the comparable 13 week period last year.  

Due to the decrease in comparable sales, product margin pressure resulting from a more promotional environment, and negative leverage on occupancy costs and selling, general and administrative expenses, the company is now lowering Q2 earnings guidance.

On a year-to-date basis, for the 26 weeks ended August 27, 2005, net sales were $632.9 million, an increase of 11% over net sales of $570.1 million reported for the same period last year.  Year-to-date comparable store net sales were flat, compared to the 10% increase reported for the first half of last year.

The Finish Line, Inc. is an American-based athletic specialty retailer offering footwear, apparel and accessories for men, women and kids. As of August 27, 2005, the company operated 639 Finish Line stores and 38 Man Alive stores.