The Finish Line, Inc. saw second quarter consolidated net sales decrease 0.9% to $338.6 million from $341.6 million for the same quarter last year. Total company comparable store net sales for Q2 decreased 6.6%. By concept, Finish Line comparable store net sales decreased 6.6% and Man Alive comparable store sales decreased 4.8% compared to the same period last year.
During Q2, the company repurchased 1,146,917 Class A Common Shares under the current share repurchase program, which expires December 31, 2007. To date the Company has repurchased 2,584,617 shares (at a total cost of $35.5 million) of the five million shares authorized.
On a year-to-date basis, for the twenty-six weeks ended August 26, 2006, net sales were $627.7 million, a decrease of 0.8% versus net sales of $632.8 million reported for the twenty-six week period last year ended August 27, 2005. Year-to-date comparable store net sales decreased 6.8% as compared to negative 0.3% comparable sales reported for the first half of last year.
