American retailer of athletic apparel, footwear and accessories The Finish Line, Inc. has posted revised sales and earnings guidance for its second quarter ending August 26.

The company expects to report consolidated net sales in the range of $335 million to $339 million compared with $341.6 million reported for the second quarter ended August 27, 2005.

The company is revising second quarter earnings guidance due to the decrease in sales and pressure on product margins, as well as negative leverage on occupancy costs and selling, general and administrative expenses.

Chairman and CEO Alan Cohen said, "For the second quarter we have continued to experience significant weakness in women's performance running which was down double digits on a comparable store basis. The softgoods business also slowed in Q2 with comparable sales down double digits as well. Comparable sales for the quarter decreased 8% in June followed by an 11% decrease in July. August comparable sales are expected to be negative 3-5%."