Finish Line surpassed its estimates in all categories for its first quarter ended May 30, 2015. Consolidated net sales were $443.4 million, an increase of 9.1% over the prior year period, and comparable store sales increased 5.5%. The company repurchased 1.25 million shares of common stock in the first quarter, totaling $31.3 million.
For the fiscal year ending February 27, 2016, the company expects comparable store sales to still be up in the low single to mid single digit range and earnings per share to increase in the low single to mid single digit range.
Glenn Lyon, chairman and chief executive officer of Finish Line, said, “We’re delivering an enhanced customer experience with our commitment to offering latest and greatest merchandise assortments and providing world class service. We will continue to drive consistent growth and increased profitability across each of our divisions with focus on our customer-centric operating model.”