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Finish Line Dashes Ahead

INDIANAPOLIS-The athletic shoe and accessory store chain turns in an 8% percent increase in comp-store sales in its third fiscal quarter.

By Dees Stribling | Updated on January 05, 2005

INDIANAPOLIS-In its third fiscal quarter 2004 (ended Nov. 27), comp-store sales for Finish Line, a chain of athletic shoe and accessory stores, posted an 8% increase compared to the same period in 2003. Net sales, according to the company, increased 16% to $235.3 million for Q3 2004, compared to $202.0 million for Q3 2003, despite higher costs associated with fuel prices and a ramped-up marketing campaign for the stores.

“We continue to capture market share in the athletic footware business in the mall,” said Alan Cohen, chairman and CEO of the company, during its third quarter earnings call on Wednesday. “We’re also encouraged by the strength of the footware category, which showed an 11% growth during the quarter.” He added that that growth represented the eighth consecutive quarter in which footware comps grew for the company.

“Driving this growth are running, basketball and sport casual,” Cohen noted. “Running especially. In the third quarter comp sales of men’s and women’s running footware increased 20%, primarily led by Nike products.”

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