-----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, P0tPQbXRsOFts/GLRfMU9xZBd3BtUTK81pZR9mW6SZ+ECq+r6vNi94Bv6SijN6qi mSfvYkPfGvqPfu5JDt0RDQ== 0000908834-07-000270.txt : 20070607 0000908834-07-000270.hdr.sgml : 20070607 20070607115111 ACCESSION NUMBER: 0000908834-07-000270 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070607 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070607 DATE AS OF CHANGE: 20070607 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: 07905955 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 fin_8k0607.htm RESULTS OF OPERATIONS AND FINANCIAL CONDITION fin_8k0607.htm

____________________________________________________________________________

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): June 7, 2007
___________________________________________________________________________

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 June 7, 2007, 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 June 2, 2007 and commented on the first 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.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
 
(d)
Exhibits

 
 
 
Exhibit No.
 
Description
99.1
 
Press Release issued June 7, 2007
 

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.
 
Date: June 7, 2007
The Finish Line, Inc.
     
 
By:
 /s/ Kevin S. Wampler
   
Kevin S. Wampler
   
Executive Vice President–Chief Financial
Officer and Assistant Secretary



3


 
 
 
 
Exhibit No.
 
Description
99.1
 
Press Release issued June 7, 2007
 
4
 
EX-99.1 2 fin_8k0607ex.htm PRESS RELEASE fin_8k0607ex.htm
Exhibit 99.1
 


 
FINISH LINE REPORTS 1st QUARTER COMPARABLE STORE SALES

INDIANAPOLIS- June 7, 2007-The Finish Line, Inc. (NASDAQ:FINL) reported consolidated net sales of $288.3 million for the thirteen weeks ended June 2, 2007 (“1st quarter” or “Q1”), a decrease of 0.2% versus consolidated net sales of $289.0 million for the thirteen weeks ended May 27, 2006 (Q1 LY). Total Company comparable store net sales for Q1 decreased 3.9%.  By concept, Finish Line comparable store net sales decreased 4.1% and Man Alive comparable store sales increased 0.6% compared to the same thirteen-week period last year.  The Company expects to report a net loss per diluted share in the range of $(.09) to $(.11) for Q1 as compared to net income per diluted share of $.09 reported for Q1 LY.

The Company did not repurchase any shares of Class A Common Stock during Q1 under the current stock repurchase authorization, which expires December 31, 2007.  As of June 2, 2007, the Company has repurchased 2,584,617 shares (at a total cost of $35.5 million) of the five million shares authorized.

The Company expects to report earnings for Q1 on Thursday, June 28th, after the market closes followed by a live conference call on Friday morning, June 29th at 8:30 am ET.

The Company will make available a recorded message covering first quarter net sales by dialing 1-706-645-9291 (Conference ID# = 1532409). This replay will be available for 48 hours beginning approximately 6:00 am ET Thursday, June 7th.  After the initial 48-hour period the recording will be available at www.Finishline.com.

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 694 Finish Line stores in 47 states and online, 93 Man Alive stores in 19 states and 15 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, Extension 6827
Corporate Communications Manager
THE FINISH LINE, INC., INDIANAPOLIS




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