The Finish Line Inc. (Indianapolis) reported net sales for the fourth quarter ended February 27 rose 8.9 percent to $374.5 million and comparable store net sales increased 10 percent in the fourth quarter.
For the 52 weeks ended February 27, 2010, net sales were down 1.9 percent to $1.17 billion and same-store net sales dropped 0.5 percent.
“I'm proud of the excellent work our team did to achieve improved results in virtually all facets of our business,” says Finish Line ceo Glenn Lyon. “We successfully executed our strategy to drive increased sales and margin improvement while strategically managing inventory and controlling costs.
“It’s our view that shoppers will likely remain cautious, yet we are encouraged by our results and will stay on-strategy as we continue to focus on delivering value to our shareholders,” Lyon adds.
For March, the athletic footwear retailer reported comparable store net sales increased 15.5 percent compared to a 1.2 percent decline for the same period one year ago.
The Finish Line operates 666 Finish Line stores in 47 states.