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Article Date: September 2005
Word Count: 298

THE FINISH LINE DROPS OUTLOOK AS Q2 COMPS SLIDE 2%.


The same store sales decline for the period ended Aug.27 occurred with flat footwear comps and an 8% decline in apparel comps astotal sales rose 9% to $341.6 million. Citing an increasingly competitiveretail environment, FINL said both sales and product margins were under plan inQ2. With the softer results, the retailer dropped its Q2 EPS guidance some22-23% to a range of $.37-.39 ($18.6 mm) from $.48-.50 and adopted a moreconservative outlook for H2. For the FY, Finish Line is forecasting $1.3billion in revenues, flat comparable store sales and EPS of $1.16-1.21($56.8-59.3 mm) versus $1.24 a share last year. Current guidance ... Log in to view full article.

 


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