Net income was $20,826,000 against $17,527,000 for theperiod ended Aug. 28. Q2 revenues rose 15% to $312,162,000 from $270,789,000 assame store sales increased 6% versus 21% in the year-ago period. Managementsaid it was pleased with the results given difficult year-ago comparisons andpositive about the upcoming holiday season that will be focused on performancefootwear product, particularly in running and basketball.
Although the increase in comparable store sales waslower month-by-month during Q2 (11% in June, 6% in July and 4% in Aug.), FinishLine benefited from later back-to-school shopping in Sept. with comps risinglow double digits during the month’s first three weeks. In Q2, ... Log in to view full article.