Finishing Strong: Finish Line Surpasses $1B In Annual Sales

The Finish Line Posts 33% Increase In Q4 Net Income

Indianapolis-based The Finish Line during FY ’04 for the first time “crossed the billion-dollar mark in annual sales and also had its highest level of net income to date,” according to Madhusmita Bora of the INDIANAPOLIS STAR. The company posted FY profits of $61.3M, or $1.24 per share, up from $47.3M, or $0.98 per share last year “on a restated basis.” Q4 net income was $28.2M, or $0.57 a share, a 33% increase over the same period a year ago. Net sales for Q4 were up 18% and comparable store sales increased 8%. Finish Line CFO Kevin Wampler: “The biggest driver remains our footwear business. In particular, the premium and performance-based shoes sold very well throughout.” Hilliard Lyons securities analyst Jim Lykins said, “They have a lot of strength in their basketball and running collections” (INDIANAPOLIS STAR, 3/24).