Finish Line comp continues to thrive

INDIANAPOLIS— The Finish Line reported that net sales for the first quarter increased 6% to $299.5 million in the first quarter compared with $282.4 million a year ago. Comparable-store sales increased 6.5% in the first quarter on top of an increase of 10.9% for the same period a year ago.

Finish Line reported first quarter income from continuing operations of $16.4 million, or 30 cents per diluted share, compared with income from continuing operations of $13.7 million, or 25 cents per diluted share, a year ago, representing a 20% earnings per share increase.

“Delivering growth on top of a strong performance a year ago was the story of the first quarter,” said Finish Line chairman and CEO Glenn Lyon.

Finish Line operates 656 stores in malls across the United States.