Finish Line Q4 profit up 12%

Indianapolis -- The Finish Line said Thursday that its fourth-quarter profit rose 12% with strong same-store sales.



The company reported net income of $34.3 million in the quarter that ended Feb. 26, compared with $30.6 million a year earlier.



The Finish Line said that excluding a charge for writing down the value of stores.



Revenue rose 2.7% to $384.6 million. Same-store sales rose 4%.



The company said operating margins were 9% close to its goal of double-digit margins for the full year.



For the full fiscal year, the company earned $68.8 million on sales of $1.23 billion, compared with $35.7 million on sales of $1.17 billion the previous year.