Specialty retailer of sports apparel and athletic footwear The Finish Line Inc on Thursday reported a four per cent year-on-year rise in third quarter sales to $147.9 million and said it continues to expect a quarterly loss.

The Indianapolis-based operator of more than 480 stores said it anticipates a diluted loss per share of between 11 and 13 cents and added same-store sales for the 13 week period slipped one per cent.

The Finish Line also said it has no plans to open any new stores in the fourth quarter after it opened 23 outlets, closed one store and remodelled four existing stores in the third quarter.