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Article Date: September 2004
Word Count: 359

FINISH LINE Q2 NET RISES 19%; SEES B-T-S ‘LEAK’ INTO SEPT.


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.

 


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