Finish Line reports October sales.INDIANAPOLIS--(BUSINESS WIRE)--Nov. 3, 1994--The Finish Line, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FINL FINL Financial Independent Network Limited ) reported net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $12,443,000 for the month ended October October: see month. 31, 1994, an increase of 19% (nineteen percent) over net sales of $10,476,000 for October 1993. The Company's comparable store net sales for October 1994 increased 1% (one percent) versus a 5% (five percent) increase for October 1993. Net sales for the eight months ended October 31, 1994 were $122,436,000 which represents a 24% (twenty-four percent) increase over net sales of $98,800,000 for the prior year. The Company's year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. comparable store net sales increased 2% (two percent) versus a 2% (two percent) decrease for the prior year. Comparable net footwear Footwear consists of garments worn on the feet. It is worn for a variety of reasons, including protection against the environment, hygiene and adornment. Usually, socks and other hosiery are worn between the feet and the footwear, except for sandals and flip flops (thongs). sales increased approximately 3% (three percent) for October 1994 versus October 1993. During the same period, activewear/accessories net sales decreased approximately 3% (three percent) for comparable stores. Product margins for the month exceeded the prior year in both the footwear and activewear/accessories categories. The Company has experienced, and expects to continue to experience, significant variability in net sales and comparable store net sales from month to month. Therefore, the results of the periods presented herein are not necessarily indicative of the results to be expected for any other future period or year. The Finish Line is a specialty retailer of men's, women's and children's brand name athletic and leisure footwear, activewear and accessories. At October 31, 1994, the Company operated 183 stores compared to 157 at October 31, 1993, an increase of seventeen percent. CONTACT: The Finish Line, Inc., Indianapolis Steven J. Schneider, 317/899-1022 ext 3350 |
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