Finish Line reports Q3 loss
US-based athletic apparel and footwear retailer The Finish Line, Inc. has reported a net loss of $3 million for the thirteen weeks ended November 25, versus net income of $845,000 for the comparable period in 2005.
Consolidated net sales increased 2.7% to $281.5 million, compared with $274 million. Comparable store net sales decreased 3.3%.
Net income for the thirty-nine weeks ended November 25, was $11.3 million, versus net income of $32.5 million for the same period in the prior year. Year-to-date consolidated net sales increased 0.3% to $909.2 million compared with $906.8 million in 2005. Comparable store net sales decreased 5.8%.
The Finish Line, Inc. is one of the largest mall-based specialty retailers operating under the Finish Line, Man Alive and Paiva brand names. It currently operates 692 Finish Line stores in 47