The net loss was $3,871,000 against a profit of$4,356,000 for the period ended Jun. 2. Total sales were essentially flat in Q1at $288,333,000 versus $289,046,000 but gross margins dipped 310 b.p. to 26.6%.The Q1 operating loss was $5,668,000 against an operating profit of $6,291,000.FINL Q1end consolidated inventories were down 3% on a sq. ft. basis and FinishLine banner inventories were down 1% year-over-year.

Comparable store sales declined 3.9% with Finish Linebanners off 4.1% and Man Alive same store sales up 0.6%. Footwear comps wereoff 0.7%; soft goods comps dipped 20.2%. FINL said Q1 end consolidatedinventories were down 3% on a ... Log in to view full article.