-----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, Gg5LqqAL0gy9yOJCxQEiM0UBIKUFkRzEksvP8Nv5u8kB+8UU/e2q+pY9b0PWJd7m YBsw0jvyPFwxVp1Y8LXAzg== 0000908834-06-000536.txt : 20061130 0000908834-06-000536.hdr.sgml : 20061130 20061130125457 ACCESSION NUMBER: 0000908834-06-000536 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061130 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061130 DATE AS OF CHANGE: 20061130 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: 061247586 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 fl_8k1130.htm SALES RESULTS FOR THE QUARTER ENDED NOVEMBER 25, 2006 Sales results for the quarter ended November 25, 2006

 
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):   November 30, 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):
 
¨
 Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨
 Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨
 Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨
 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 November 30, 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 November 25, 2006.
 
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.
 

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
 
 
 (c)
Exhibits
 
 
 
 
 
 
 
 
 
Exhibit No.
  
Description
 
 
 
 
 
 
 
99.1
  
Press Release issued November 30, 2006


2

 
SIGNATURES
 
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: November 30, 2006
 
By:
 
/s/ Kevin S. Wampler
 
 
 
 
Kevin S. Wampler
 
 
 
 
Executive Vice-President - Chief Financial Officer and Assistant Secretary
 



3

 
EXHIBIT INDEX
 
 
 
 
Exhibit
No.
  
Description
 
 
 
99.1
  
Press Release issued November 30, 2006

 
 
 
4

EX-99.1 2 fl_8k1130ex.htm PRESS RELEASE ISSUED NOVEMBER 30, 2006 Press Release issued November 30, 2006
Exhibit 99.1
 

 
FINISH LINE REPORTS 3rd QUARTER COMPARABLE STORE SALES
 
INDIANAPOLIS- November 30, 2006-The Finish Line, Inc. (NASDAQ:FINL) reported consolidated net sales of $281.5 million for the thirteen weeks ended November 25, 2006 (“3rd quarter” or “Q3”), an increase of 2.7% over consolidated net sales of $274.0 million for Q3 last year (“Q3 LY”). Total Company comparable store net sales for Q3 declined 3.3%. By concept, Finish Line comparable store net sales declined 3.5% and Man Alive comparable store sales increased 3.1% compared to Q3 LY. The Company expects to report a loss per diluted share in the range of -$.06 to -$.08 for Q3 as compared to income per diluted share of $.02 reported for Q3 LY.
 
For the thirty-nine weeks ended November 25, 2006, consolidated net sales were $909.2 million, an increase of 0.3% compared to consolidated net sales of $906.8 million reported for the thirty-nine weeks ended November 26, 2005. Year-to-date, comparable store net sales decreased 5.8% as compared to an increase of 0.9% reported for the comparable thirty-nine week period last year. By concept, Finish Line comparable store net sales declined 5.9% and Man Alive comparable store sales decreased 0.2% compared to the same thirty-nine week period last year.
 
The Company expects to report earnings for Q3 on Wednesday, December 20th, after the market closes followed by a live conference call Thursday morning, December 21st at 8:30 am ET.
 
The Company did not repurchase any shares of Class A Common Stock during Q3 under the current stock repurchase authorization, which expires December 31, 2007. As of November 25, 2006, the Company has repurchased 2,584,617 shares (at a total cost of $35.5 million) of the five million shares authorized.
 
The Company has made available a recorded message covering the third quarter sales by dialing 1-706-645-9291 (Conference ID# = 2434598). This replay will be available for 48 hours beginning approximately 7:00am ET Thursday, November 30th. After the initial 48-hour period the recording will be available at www.Finishline.com through December 7th.
 
The Company has experienced, and expects to continue to experience, significant variability in 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; 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 largest mall-based specialty retailers operating under the Finish Line, Man Alive and Paiva brand names. The Finish Line, Inc. is publicly traded on the NASDAQ Global Select Market under the symbol FINL. The Company currently operates 692 Finish Line stores in 47 states and online, 88 Man Alive stores in 16 states and 12 Paiva stores in 10 states and online. To learn more about these brands, visit www.finishline.com , www.manalive.com and www.paiva.com.

Investor Relations:
 
CONTACT:
Kevin S. Wampler, 317-899-1022, EXTENSION 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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