Finish Line 8-K 2012
Finish Line Outlines Long-Term Operating Targets; Updates Fiscal First Quarter Outlook
INDIANAPOLIS, May 30, 2012 The Finish Line, Inc. (NASDAQ: FINL) will today outline its strategy to drive future growth and discuss its long-term operating targets at its Investor and Analyst Event. In addition, the Company updated its fiscal first quarter outlook.
Long-Term Operating Targets
- Finish Line store sales of $1.4 billion;
- Finish Line digital sales of $450 million;
- The Running Specialty Group sales of $150 million;
The Companys presentation to analysts and investors is scheduled to begin today, May 30, at approximately 11:45 a.m. ET and last until approximately 2:15 p.m. ET. A live webcast of the event will be available by clicking the Investor Relations link under the Company section on www.finishline.com and a replay will be available for 90 days. The slide presentation will be made available on the Companys Investor Relations website following the conclusion of the meeting.
Fiscal First Quarter Updated Outlook
The Company plans to report actual fiscal 2013 first quarter results on Thursday, June 28, 2012 before market open and host a conference call that same day at 8:30 am ET.
About Finish Line
All of these forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The principal risk factors that could cause actual performance and future actions to differ materially from the forward-looking statements include, but are not limited to, the companys reliance on a few key vendors for a majority of its merchandise purchases (including a significant portion from one key vendor); the availability and timely receipt of products; the ability to timely fulfill and ship products to customers; fluctuations in oil prices causing changes in gasoline and energy prices, resulting in changes in consumer spending as well as increases in utility, freight and product costs; product demand and market acceptance risks; deterioration of macro-economic and business conditions; the inability to locate and obtain or retain acceptable lease terms for the companys stores; the effect of competitive products and pricing; loss of key employees; execution of strategic growth initiatives (including actual and potential mergers and acquisitions and other components of the companys capital allocation strategy); and the other risks detailed in the companys Securities and Exchange Commission filings. Readers are urged to consider these factors carefully in evaluating the forward-looking statements. The forward-looking statements included herein are made only as of the date of this report and Finish Line undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.