The Finish Line, Inc. reported consolidated net sales of $288.3 million for the thirteen weeks ended June 2, 2007, a decrease of 0.2% versus consolidated net sales of $289.0 million for the thirteen weeks ended May 27, 2006. Total company comparable store net sales for Q1 decreased 3.9%.
By concept, Finish Line comparable store net sales decreased 4.1% and Man Alive comparable store sales increased 0.6% compared to the same thirteen-week period last year.
FINL expects to report a net loss per diluted share in the range of $(.09) to $(.11) for Q1 as compared to net income per diluted share of $.09 reported for Q1 LY.
The company did not repurchase any shares of Class A Common Stock during Q1 under the current stock repurchase authorization, which expires December 31, 2007. As of June 2, 2007, the company has repurchased 2,584,617 shares (at a total cost of $35.5 million) of the five million shares authorized.
