Finish Line, Inc. Comments On FY 2013, 2014 And Q1 2013 EPS Guidance; Comments On FY, Q1 2013 Comparable Store Sales Guidance

Finish Line, Inc. announced that based on strategic investments in technology, stores and digital capabilities required to execute its omni-channel strategy, management expects to generate earnings per share growth in the mid-single digits in fiscal 2013 with comparable store sales expected in the mid-single digits as well. As the investments begin to drive returns, management expects earnings per share growth to accelerate into the low- to mid-teens beginning in fiscal 2014. For the first quarter of 2013, the Company expects comparable store sales to be up in the mid-single digit range. Based on the planned level of strategic investments, combined with lower product margins due to a shift in the promotional calendar, and occupancy cost deleverage, the company expects first quarter 2013 earnings per share to be down approximately 30%.