The Finish Line, Inc. reported consolidated net sales from continuing operations of $382.8 million for the 13-week fourth quarter ended March 1, 2008, down 10% compared to $425.7 million for the 14-week fourth quarter of a year ago.


Consolidated comparable store net sales declined 6.0% for the thirteen-week period ended March 1, 2008, compared to the same thirteen-week period last year ending March 3, 2007.

 

By concept, Finish Line comparable store net sales declined 5.4% and Man Alive comparable store net sales decreased 14.2%. For the fifty-two weeks ended March 1, 2008, consolidated net sales from continuing operations were $1.28 billion versus consolidated net sales from continuing operations of $1.33 billion for the fifty-three weeks ended March 3, 2007.

 

Comparable store net sales decreased 4.7% for the fifty-two week period ended March 1, 2008, compared to the fifty-two week period last year ending March 3, 2007. By concept, Finish Line comparable store net sales declined 4.5% and Man Alive comparable store net sales decreased 8.8%.

The company did not repurchase any shares of Class A Common Stock during Q4 under the stock repurchase authorization, which expired December 31, 2007. The company repurchased 2,584,617 shares (at a total cost of $35.5 million) of the five million shares authorized throughout the entire buyback period.


The company's Board of Directors has established July 17, 2008 as the 2008 Annual Meeting date and May 23, 2008 as the record date for such Annual Meeting.


The company has experienced, and expects to continue to experience, significant variability in net sales and comparable store net sales from quarter to quarter. Therefore, the results of the periods presented herein are not necessarily indicative of the results to be expected for any other future period or year.