-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Qhq3i0NmClsLMvEPgFNuQIA+ehn1ICdZZOjt8Dc5tUMBaaQULwD/YEXh0AJj+mgz 7qF/8HjUaSJeFLa27noElQ== 0000908834-06-000105.txt : 20060302 0000908834-06-000105.hdr.sgml : 20060302 20060302110424 ACCESSION NUMBER: 0000908834-06-000105 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060302 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060302 DATE AS OF CHANGE: 20060302 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FINISH LINE INC /IN/ CENTRAL INDEX KEY: 0000886137 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-SHOE STORES [5661] IRS NUMBER: 351537210 STATE OF INCORPORATION: IN FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20184 FILM NUMBER: 06658280 BUSINESS ADDRESS: STREET 1: 3308 N MITTHOEFFER RD CITY: INDIANAPOLIS STATE: IN ZIP: 46235 BUSINESS PHONE: 3178991022 MAIL ADDRESS: STREET 1: 3308 N MITTHOEFFER ROAD CITY: INDIANAPOLIS STATE: IN ZIP: 46235 FORMER COMPANY: FORMER CONFORMED NAME: FINISH LINE INC /DE/ DATE OF NAME CHANGE: 19930328 8-K 1 fin8k_0302.htm FINANCIAL RESULTS Financial Results

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of report (Date of earliest event reported):   March 2, 2006
 
The Finish Line, Inc.
 
(Exact Name of Registrant as Specified in Charter)
 
 
 
 
 
 
 
Indiana
 
0-20184
 
35-1537210
(State or Other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
 
 
 
3308 North Mitthoeffer Road, Indianapolis, Indiana
 
46235
(Address of Principal Executive Offices)
 
(Zip Code)

 
Registrant’s telephone number, including area code:   (317) 899-1022
 
N/A
(Former Name or Former Address, if Changed Since Last Report)
 
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 




ITEM 2.02.   RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On March 2, 2006, The Finish Line, Inc. (the “Registrant”) issued a press release disclosing material non-public information regarding the Registrant’s sales results for the quarter ended February 25, 2006 and commented on the fourth quarter earnings outlook.
 
A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information in this Current Report, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.



 

2


 
(c)
Exhibits

 
Exhibit No.
 
Description
       
 
99.1
 
Press Release issued March 2, 2006




 

3


 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

 
 
The Finish Line, Inc.
     
Date:  March 2, 2006
By:
/s/ Kevin S. Wampler
   
Kevin S. Wampler
Executive Vice President - Chief Financial Officer and Assistant Secretary




 

4



EXHIBIT INDEX


Exhibit No.
 
Description
     
99.1
 
Press Release issued March 2, 2006


5
EX-99.1 2 fin8k_0302ex.htm PRESS RELEASE ISSUED MARCH 2, 2006 Press Release issued March 2, 2006

Exhibit 99.1


FINISH LINE REPORTS 4th QUARTER SALES


** Total consolidated sales increase 10% for Q4

** Comparable sales were flat for Q4 compared to an 8% gain for Q4 LY

** Confirming earnings guidance of $.58 - $.60 for Q4


INDIANAPOLIS- March 2, 2006-The Finish Line, Inc. (NASDAQ:FINL) reported consolidated net sales of $399.0 million for the 13-week period ended February 25, 2006 (“4th quarter” or “Q4”), an increase of 10% (ten percent) over consolidated net sales of $361.4 million for Q4 last year (“Q4 LY”). Comparable store net sales for Q4 were flat (zero percent) versus the 8% (eight percent) increase reported for the comparable 13-week period last year.

For the 52-week year ended February 25, 2006, consolidated net sales were $1.306 billion, an increase of 12% (twelve percent) over consolidated net sales of $1.167 billion reported for the 52-week period last year ended February 26, 2005. Full year comparable store net sales increased 1% (one percent) on top of a 9% (nine percent) increase reported for the comparable 52-weeks last year.

Mr. Alan H. Cohen (Chairman and Chief Executive Officer) stated: The positive comparable sales gains of December (two percent) and January (eight percent) were offset by weak February sales (negative six percent). February was primarily affected by a shift in the timing of new product releases versus last year. This shift translated into strong January sales, but resulted in less excitement and traffic in our stores during February. For the quarter, sales were less than plan but product margins improved and we expect to achieve the most recent earnings guidance for Q4 of $.58 - $.60.”

The Company expects to report earnings for Q4 on Thursday, March 23rd, after the market closes followed by a live conference call on Friday morning, March 24th at 8:30 am ET.

The Company will make available a recorded message covering fourth quarter consolidated net sales by dialing 1-706-645-9291 (Conference ID# = 5972750). This replay will be available for 48 hours beginning approximately 8:30am ET Thursday, March 2nd. After the initial 48-hour period the recording will be available at www.Finishline.com through March 10th.

The Company has experienced, and expects to continue to experience, significant variability in consolidated net sales and comparable store net sales from quarter to quarter. 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.
 
Certain statements contained in this press release regard matters that are not historical facts and are forward looking statements (as such term is defined in the rules promulgated pursuant to the Securities Act of 1933, as amended). Because such forward looking statements contain risks and uncertainties, actual results may differ materially from those expressed in or implied by such forward looking statements. Factors that could cause actual results to differ materially include, but are not limited to: changing consumer preferences; the Company’s inability to successfully market its footwear, apparel, accessories and other merchandise; price, product and other competition from other retailers (including internet and direct manufacturer sales); the unavailability of products; the inability to locate and obtain favorable lease terms for the Company’s stores; the loss of key employees, general economic conditions and adverse factors impacting the retail athletic industry; management of growth; the outcome of the interpretation of certain accounting principles regarding certain operating lease and leasehold issues, and the other risks detailed in the Company’s Securities and Exchange Commission filings. The Company undertakes no obligation to release publicly the results of any revisions to these forward looking statement that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

The Finish Line, Inc. is one of the nation’s leading athletic specialty retailers offering the best selection of footwear, apparel and accessories for men, women and kids. Finish Line is publicly traded on the NASDAQ National Market under the symbol FINL and currently operates 657 stores in 48 states and online. In addition, the Company also operates 51 Man Alive stores in 13 states. To learn more about The Finish Line, visit www.finishline.com and to learn more about Man Alive visit www.manalive.com.


Investor Relations:
CONTACT:
 
Kevin S. Wampler, 317-899-1022, Ext. 6914
 
 
Executive Vice President - CFO
   
THE FINISH LINE, INC., INDIANAPOLIS
     
Media Requests:
CONTACT:
 
Elise Hasbrook, 317-899-1022, Ext. 6827
   
Corporate Communications Manager

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