The Finish Line, Inc. announced that net income for the third quarter ended November 26, 2005 was $845,000, a decrease of 62% versus net income of $2.2 million last year's third quarter. Diluted earnings per share were 2 cents, down from 4 cents last year.

Consolidated net sales increased 16% to $274.0 million for Q3 compared to $235.3 million reported for Q3 LY. Comparable store net sales increased 4% for Q3 on top of an increase of 8% reported for Q3 LY.

Alan Cohen, CEO of The Finish Line, stated, “For the quarter, our sales exceeded plan with improved product margins. Our diluted income per share of 2 cents is within the range of 1 cents – 3 cents we announced in our third quarter sales release. During the quarter, we continued to make important investments in our infrastructure as we prepare to accelerate store openings for Man Alive and launch Paiva, our new women's concept, with the first store scheduled to open in April of next year.”

YEAR-TO-DATE RESULTS:

Net income for the thirty-nine weeks ended November 26, 2005 was $32.5 million (65 cents per diluted share) a decrease of 2% versus net income of $33.1 million (67 cents per diluted share) for the thirty-nine weeks last year ended November 27, 2004. Diluted weighted average shares outstanding were 49,605,000 for YTD versus 49,302,000 shares outstanding for YTD LY.

Consolidated net sales increased 13% to $906.8 million YTD compared to $805.4 million for YTD LY. Comparable store net sales increased 1% YTD on top of a 9% increase reported for YTD LY.

Merchandise inventories on a consolidated basis (including Man Alive) were $311.5 million at November 26, 2005. Finish Line store merchandise inventories were $301.6 million compared to $263.7 million at November 27, 2004. On a per square foot basis, Finish Line store merchandise inventories increased 4.6% compared to one year ago and are on plan.

The company operated 658 Finish Line stores at November 26, 2005, an increase of 11% over the 592 stores operated one year ago. For the quarter, Finish Line opened 20 new stores, remodeled 6 existing stores and closed one store with retail square footage increasing 9% to 3,707,000 at November 26, 2005 versus 3,389,000 at November 27, 2004.

The company opened 11 new Man Alive stores during the third quarter and plans for two additional store openings in Q4. As of November 26, 2005, Man Alive operated 49 stores totaling 149,000 square feet.

                                             The Finish Line, Inc.
                                 Consolidated Statements of Income (Unaudited)
                               (In thousands, except per share and store data)

                             Thirteen     Thirteen   Thirty-nine  Thirty-nine
                           Weeks Ended  Weeks Ended  Weeks Ended  Weeks Ended
                           November 26, November 27, November 26, November 27,
                               2005         2004         2005         2004
                           ------------ ------------ ------------ ------------
                                        As Restated               As Restated

     Net sales               $273,980     $235,253     $906,820     $805,381
     Cost of sales (including
      occupancy expenses)     196,432      169,305      627,474      555,987
                           ------------ ------------ ------------ ------------
     Gross profit              77,548       65,948      279,346      249,394

     Selling, general, and
      administrative expenses  76,540       63,058      228,794      197,201
     Interest income(net)         345          255        1,406          713
                           ------------ ------------ ------------ ------------
     Income before income taxes 1,353        3,145       51,958       52,906
     Income taxes                 508          927       19,485       19,840
                           ------------ ------------ ------------ ------------
     Net income                  $845       $2,218      $32,473      $33,066
                           ============ ============ ============ ============
     Diluted weighted average
      shares outstanding       49,058       49,361       49,605       49,302
                           ============ ============ ============ ============
     Diluted net income per
      share                     $0.02        $0.04        $0.65        $0.67
                           ============ ============ ============ ============

     Dividends declared per
      share                    $0.025       $0.025       $0.075       $0.050
                           ============ ============ ============ ============

     Number of stores open
      at end of period:
                 Finish Line                                658          592
                 Man Alive                                   49           --