FINL » Topics » Results of Operations

This excerpt taken from the FINL 10-Q filed Jun 26, 2008.

Results of Operations

The following table sets forth net sales of the Company by major category for each of the following periods (in thousands):

 

      Thirteen Weeks Ended  
Category    May 31, 2008     June 2, 2007  
     (Unaudited)     (Unaudited)  

Footwear

   $  236,211    82 %   $  232,318    81 %

Softgoods

     51,728    18 %     53,433    19 %
                          

Total

   $ 287,939    100 %   $ 285,751    100 %

The following table and subsequent discussion sets forth operating data of the Company as a percentage of net sales for the periods indicated below.

 

     Thirteen Weeks Ended  
     May 31,
2008
    June 2,
2007
 
     (Unaudited)  

Net sales

   100.0 %   100.0 %

Cost of sales (including occupancy costs)

   71.1     73.0  
            

Gross profit

   28.9     27.0  

Selling, general and administrative expenses

   28.3     28.3  
            

Operating income (loss)

   0.6     (1.3 )

Interest income, net

   0.1     0.2  
            

Income (loss) from continuing operations before income taxes

   0.7     (1.1 )

Income tax expense (benefit)

   0.4     (0.2 )
            

Income (loss) from continuing operations

   0.3     (0.9 )

Income (loss) from discontinued operations, net of income taxes

   —       (0.4 )
            

Net income (loss)

   0.3 %   (1.3 )%
            

 

12


This excerpt taken from the FINL 10-Q filed Jun 28, 2007.

Results of Operations

The following table sets forth net sales of the Company by major category for each of the following periods (in thousands):

 

     Thirteen Weeks Ended  

Category

  

June 2,

2007

        

May 27,

2006

      
     (Unaudited)          (Unaudited)       

Footwear

   $ 233,000    81 %   $ 230,687    80 %

Softgoods

     55,333    19 %     58,359    20 %
                          

Total

   $ 288,333    100 %   $ 289,046    100 %

The following table and subsequent discussion sets forth operating data of the Company as a percentage of net sales for the periods indicated below.

 

     Thirteen Weeks Ended  
     June 2,
    2007    
    May 27,
    2006    
 
     (Unaudited)  

Net sales

   100.0 %   100.0 %

Cost of sales (including occupancy costs)

   73.4     70.3  
            

Gross profit

   26.6     29.7  

Selling, general and administrative expenses

   28.6     27.5  
            

Operating (loss) income

   (2.0 )   2.2  

Interest income – net

   .2     .2  
            

(Loss) income before income taxes

   (1.8 )   2.4  

(Benefit) provision for income taxes

   (.5 )   .9  
            

Net (loss) income

   (1.3 )%   1.5 %
            

 

10


This excerpt taken from the FINL 10-Q filed Jun 21, 2006.

Results of Operations

The following table sets forth net sales of the Company by major category for each of the following periods:

 

     Thirteen Weeks Ended  
     May 27, 2006          May 28, 2005       
     (unaudited)          (unaudited)       

Category

          

Footwear

   $ 230,687    80 %   $ 237,274    81 %

Softgoods

     58,359    20 %     53,993    19 %
                          

Total

   $ 289,046    100 %   $ 291,267    100 %

The following table and subsequent discussion sets forth operating data of the Company as a percentage of net sales for the periods indicated below.

 

 

     Thirteen Weeks Ended  
     

May 27,

2006

    May 28,
2005
 
     (Unaudited)  

Net sales

   100.0 %   100.0 %

Cost of sales (including occupancy costs)

   70.3     68.9  
            

Gross profit

   29.7     31.1  

Selling, general and administrative expenses

   27.5     24.3  
            

Operating income

   2.2     6.8  

Interest income – net

   .2     .2  
            

Income before income taxes

   2.4     7.0  

Provision for income taxes

   .9     2.6  
            

Net income

   1.5 %   4.4 %
            

 

11


This excerpt taken from the FINL 10-Q filed Jun 23, 2005.

Results of Operations

 

The following table sets forth net sales of the Company by major category for each of the following periods:

 

     Thirteen Weeks Ended

 

Category


   May 28, 2005

    May 29, 2004

 
     (unaudited)     (unaudited)  

Footwear

   $ 237,274    81 %   $ 212,789    82 %

Softgoods

     53,993    19 %     45,177    18 %
    

  

 

  

Total

   $ 291,267    100 %   $ 257,966    100 %

 

The following table and subsequent discussion sets forth operating data of the Company as a percentage of net sales for the periods indicated below.

 

     Thirteen Weeks
Ended


 
     May 28,
2005


    May 29,
2004
(Restated)


 
     (Unaudited)  

Net sales

   100.0 %   100.0 %

Cost of sales (including occupancy expenses)

   68.9     69.2  
    

 

Gross profit

   31.1     30.8  

Selling, general and administrative expenses

   24.3     24.5  

Insurance settlement

   —       (.1 )
    

 

Operating income

   6.8     6.4  

Interest income – net

   .2     .1  
    

 

Income before income taxes

   7.0     6.5  

Provision for income taxes

   2.6     2.5  
    

 

Net income

   4.4 %   4.0 %
    

 

 

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