INDIANAPOLIS, June 24, 2016 – The Finish Line, Inc. (NASDAQ: FINL) today reported results for the thirteen weeks ended May 28, 2016. For the thirteen weeks ended May 28, 2016:
- Consolidated net sales were $453.5 million, an increase of 2.3% over the prior year period.
- Finish Line comparable store sales increased 1.5%.
- Diluted earnings per share were $0.23.
“We delivered first quarter results that were in-line with expectations despite the challenging retail environment,” said Sam Sato, Chief Executive Officer of Finish Line. “Importantly, we’ve made further progress toward optimizing our supply chain and improving execution throughout the enterprise. We remain focused on successfully executing the strategic initiatives for our Finish Line, Macy’s, and JackRabbit businesses while creating an operating model that drives profitable growth and generates shareholder value consistently over the long-term.”