Finish Line same-store sales slide

September 6, 2007
Comparable-store sales for Finish Line Inc. fell 4.7 percent in the second fiscal quarter, the Indianapolis-based shoe and apparel retailer said yesterday.

Finish Line also said sales rose 1.3 percent, to $343 million, from a year earlier.

Profit will be made public when Finish Line releases its earnings report Sept. 27. The company said it expects to report a loss of 4 to 6 cents per share.

Because earnings were not released, the company did not host a conference call with analysts.

On Aug. 30, Finish Line said it was "disappointed" with a $4.2 million second-quarter loss reported by Genesco Inc., the Tennessee company it has agreed to buy for $1.5 billion. The statement also said Finish Line was "evaluating its options" regarding the purchase but stopped short of saying it would back out of the deal.

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