Fourth quarter sales at athletic shoe and apparel retailer The Finish Line Inc rose by 7.5% to $429.0m from $399.2m in the same period last year.
 
This year's fourth quarter was 14 weeks, compared to last year's which was 13 weeks - the one week difference being $24.2m in sales, or an increase of 1.4% from last year's period the company said.

Total same-store sales for the quarter fell 5.4%. By concept, Finish Line same-store sales dropped 5.8% while Man Alive increased 4.4%.

The Company expects to report income per diluted share in the range of $.40 to $.44 for the fourth quarter, down from $.58 in last year's quarter. Included in this earnings range is a pre-tax charge of $6.7-7.8m ($.09 - $.10 per diluted share) for the impairment of assets of 17-19 underperforming stores.

For the full year, consolidated net sales were up 2.5% to $1.338bn, while comparable store sales dropped 5.7%. By concept, Finish Line same-store sales declined 5.9% and Man Alive same-store sales increased 1.8%.