Finish Line reports Q2 earnings
The Finish Line, Inc. has announced earnings for the second quarter for the 13 weeks to August 27. Net income was $18.9 million, a decrease of 8 per cent versus net income of $20.5 million for the same period last year.
Net sales increased nine percent to $341.6 million for Q2 compared to $312.2 million reported for Q2 2004. Comparable store net sales decreased two per cent for Q2 as compared to the six per cent increase reported for Q2 last year.
Net income for the 26 weeks ended The company operated 639 Finish Line stores at August 27, an increase of 13 per cent over the 564 stores operated one year ago. For the quarter, Finish Line opened 16 new stores, remodelled seven existing stores and closed two stores.
