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Finish Line Reports Fourth Quarter and Full Fiscal Year 2016 Results

Posted by ehayden on March 24, 2016

The Finish Line, Inc. (NASDAQ: FINL) today reported results for the fourth quarter and fiscal year 2016, representing the thirteen and fifty-two weeks ended February 27, 2016. 

For the thirteen weeks ended February 27, 2016:

  • Consolidated net sales were $580.3 million, an increase of 5.2% over the prior year period. 
  • Finish Line comparable store sales increased 4.6%. 
  • On a GAAP basis, diluted earnings per share were $0.09. 
  • Non-GAAP diluted earnings per share, which primarily excludes the impact from the write-off of technology assets and store impairment charges, were $0.83. 

For the fifty-two weeks ended February 27, 2016:

  • Consolidated net sales were a record $1.89 billion, an increase of 3.8% over the prior year. 
  • Finish Line comparable store sales increased 1.8%. 
  • On a GAAP basis, diluted earnings per share were $0.48. 
  • Non-GAAP diluted earnings per share, which primarily excludes the impact from the write-off of technology assets and store impairment charges, were $1.21.

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