US: Finish Line Q2 profit grows on market share gains
By Petah Marian | 28 September 2012
The Finish Line saw second-quarter net income rise as the US sportswear retailer said it gained market share in running and basketball.
Net income rose 16.8% over the quarter ended 1 September to reach US$24.9m. Consolidated sales increased 16.1% to $385m, while comparable-store sales rose 12.3%.
"We are very pleased with the strength of our second quarter performance," said chairman and CEO Glenn Lyon.
"Our ability to achieve double digit comps in the second quarter, on top of a double digit comp increase in the prior year period illustrates our ability to further expand our leadership position in athletic footwear. Second quarter sales were driven by market share gains in running and basketball as we have been able to capitalize on recent trends in each category enabled by our strong relationships with both vendors and consumers."
Companies: The Finish Line
View next/previous articles
28 Sep 2012 -
Currently reading -
US: Finish Line Q2 profit grows on market share gains
28 Sep 2012 -
Related research
The most comprehensive report on the market at the moment which covers all the main manufacturers on a global and regional scale. Forecasts are given out to 2015 which seperate this by all the main types of footwear. An essential purchase for anyone ...
Related articles
US: Finish Line chief digital officer steps down
Christopher Ladd, chief digital officer and executive vice president at The Finish Line, has resigned from the sportswear retailer - a month after it was forced to shutter its new e-commerce website.
US: Finish Line swings to Q3 loss
US sportswear retailer The Finish Line has today (4 January) swung to a third-quarter loss after customers responded less favourably than expected to its new e-commerce site.
There are currently no comments on this article
Be the first to comment on this article