Finish Line Reports Q3FY11 EPS of $0.08

INDIANAPOLIS, Dec. 21, 2010 /PRNewswire-FirstCall/ -- The Finish Line, Inc. FINL today reported results for the third quarter of fiscal 2011, representing the 13-week period ended November 27, 2010. Net sales increased 8.7% to $260.9 million in the third quarter compared to $240.1 million one year ago. Comparable store net sales increased 10.1% in the third quarter compared to an increase of 1.7% a year ago. Finish Line reported third quarter income from continuing operations of $4.1 million, or $0.08 per diluted share compared to income from continuing operations of $6.5 million or $0.12 per diluted share a year ago, a figure that included a one-time $6.5 million tax benefit Finish Line recorded in the third quarter of last year. Without the tax benefit, third quarter non-GAAP income from continuing operations last year was $16,000 or $0.00 (flat) per diluted share.