Exhibit 99.1

Finish Line Reports First Quarter FY 2011 Results

Q1 same-store sales up 10.9% and Q1 EPS of $0.25 per share

INDIANAPOLIS, June 24, 2010 – The Finish Line, Inc. (Nasdaq: FINL) today reported results for the first quarter fiscal year 2011, representing the 13-week period ended May 29, 2010.

First Quarter Results

Net sales increased 9.0% to $282.4 million in the first quarter compared to $259.1 million a year ago. Comparable store net sales increased 10.9% in the first quarter compared to a 3.9% comparable store net sales decline for the same period a year ago.

For the period, the company reported income from continuing operations of $13.7 million, or $0.25 per diluted share compared to income from continuing operations of $1.8 million, or $0.03 per diluted share, a year ago.

Consolidated merchandise inventories decreased by 18.1% to $197.8 million at the end of the quarter compared to $241.6 million a year ago. Finish Line inventory declined 15.6% overall and 12.8% on a per-square-foot basis.

As of May 29, 2010, the company had no interest-bearing debt and $248 million in cash and cash equivalents, up from $119 million at the end of the first quarter a year ago.

“We are off to a strong start this fiscal year,” said Finish Line Chief Executive Officer Glenn Lyon. “We posted a solid same-store sales increase and continued to make progress on effectively managing expenses as well as improving product margin and inventory efficiency.  While customer traffic continues to be inconsistent, we will remain focused on our premium position in the marketplace and invest appropriately for continued growth.”

June Sales Update

Comparable store net sales on a month-to-date basis for the period of May 30 to June 22, increased 7.0% compared to a 12.5% decline for the same period one year ago.

Q1 Fiscal Year 2011 Conference Call Tomorrow, June 25

The company will host a conference call for investors Friday, June 25, 2010 at 8:30 a.m. Eastern. To participate in the conference call, dial 660-422-4970, conference ID#80660069. To listen online, visit www.finishline.com. A replay of the conference call can be accessed approximately two hours following the completion of the call at 800-642-1687,conference ID#80660069. This recording will be made available through Tuesday, June 29, 2010. In addition, the replay will be available on the Web at www.finishline.com.

Q2 Fiscal Year 2011 Release/Conference Call Date September 23/24

The company expects to report second quarter results on Thursday, September 23, 2010 after market close followed by a conference call on Friday, September 24, 2010 at approximately 8:30 a.m. Eastern.

About Finish Line

The Finish Line, Inc. is a premium athletic footwear store and one of the nation’s largest mall-based specialty retailers, offering a large selection of performance and everyday sport footwear, apparel and accessories for men, women and kids. The Finish Line, Inc. is publicly traded on the NASDAQ Global Select Market under the symbol FINL. The company operates 667 Finish Line stores in 47 states and offers online shopping at www.finishline.com.

Forward Looking Statements

The company has experienced, and expects to continue to experience, significant variability in net sales, net income (loss) 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 results of the company 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; the effect of economic conditions, depressed demand in the housing market and unemployment rates; management of growth, the outcome of litigation, and the other risks detailed in the company's Securities and Exchange Commission filings.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to release publicly the results of any revisions to these forward looking statements 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.

Consolidated Statements of Operations (Unaudited)

(In thousands, except per share and store data)

	Thirteen Weeks Ended
	May 29, 2010			May 30, 2009
Net sales	$	282,398		$	259,096
Cost of sales (including occupancy costs)		188,428			182,722
Gross profit		93,970			76,374
Selling, general and administrative expenses		71,779			73,154
Store closing costs		–			231
Operating income		22,191			2,989
Interest income, net		64			104
Income from continuing operations before income taxes		22,255			3,093
Income tax expense		8,586			1,334
Income from continuing operations		13,669			1,759
Loss from discontinued operations, net of income taxes		(23	)		(2,367	)
Net income (loss)	$	13,646		$	(608	)
Income (loss) per diluted share:
Income from continuing operations	$	0.25		$	0.03
Loss from discontinued operations		–			(0.04	)
Net income (loss)	$	0.25		$	(0.01	)
Diluted weighted average shares outstanding		54,297			54,408
Dividends declared per share	$	0.04		$	0.03
Store activity for the period (Finish Line only):
Beginning of period		666			689
Opened		4			–
Closed		(3	)		(5	)
End of period		667			684
Square feet at end of period		3,579,976			3,698,519
Average square feet per store		5,367			5,407
	Thirteen Weeks Ended
	May 29, 2010			May 30, 2009
Net sales		100.0	%		100.0	%
Cost of sales (including occupancy costs)		66.7			70.5
Gross profit		33.3			29.5
Selling, general and administrative expenses		25.4			28.2
Store closing costs		–			0.1
Operating income		7.9			1.2
Interest income, net		–			–
Income from continuing operations before income taxes		7.9			1.2
Income tax expense		3.1			0.5
Income from continuing operations		4.8			0.7
Loss from discontinued operations, net of income taxes		–			(0.9	)
Net income (loss)		4.8	%		(0.2	)%

	Condensed Consolidated Balance Sheets
	May 29, 2010		May 30, 2009		February 27, 2010
	(Unaudited)		(Unaudited)
ASSETS
Cash and cash equivalents	$	248,090	$	118,959	$	234,508
Merchandise inventories, net		197,750		241,571		190,894
Other current assets		7,811		16,215		18,205
Property and equipment, net		132,041		166,996		135,943
Other assets		31,129		39,575		30,718
Total assets	$	616,821	$	583,316	$	610,268
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities	$	104,892	$	95,363	$	114,943
Deferred credits from landlords		38,863		49,546		40,006
Other long-term liabilities		14,705		14,877		13,169
Shareholders' equity		458,361		423,530		442,150
Total liabilities and shareholders' equity	$	616,821	$	583,316	$	610,268

Media Contact:	Investor Contact:
Patrick Dolan	Ed Wilhelm
Corporate Communications	Chief Financial Officer
317.613.6827	317.613.6914