The Finish Line, Inc. (NASDAQ: FINL) announced today that its board of
directors has declared a quarterly cash dividend of $0.08 per share of
outstanding common stock. The quarterly cash dividend will be payable
June 16, 2014 to shareholders of record as of May 30, 2014.
“The Finish Line team worked hard to deliver strong fourth quarter
results which capped a productive year for our company,” said Glenn
Lyon, Chairman and Chief Executive Officer of Finish Line. “It is
rewarding to drive strong sales and earnings growth while at the same
time return additional value to our shareholders through our increased
quarterly dividend.”
About The Finish Line, Inc.
The Finish Line, Inc. is a premium retailer of athletic shoes, apparel
and accessories. Headquartered in Indianapolis, Finish Line has
approximately 850 stores including more than 200 shops in Macy’s in
malls across the U.S. and employs more than 14,000 sneakerologists who
help customers every day connect with their sport, their life and their
style. Online shopping is available at www.finishline.com
and www.macys.com.
Mobile shopping is available at m.finishline.com.
Follow Finish Line on Twitter at Twitter.com/FinishLine
and “like” Finish Line on Facebook at Facebook.com/FinishLine.
Finish Line also operates the Running Specialty Group through a venture
with Gart Capital Partners. This includes 49 specialty running shops in
11 states and the District of Columbia under The Running Company, Run
On!, Blue Mile, Boulder Running Company, Roncker’s Running Spot and VA
Runner banners. More information, including the particular states in
which stores are located, is available at www.run.com.
Forward-Looking Statements
This news release includes statements that are or may be considered
“forward-looking” within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
These forward-looking statements generally can be identified by the use
of words or phrases such as “believe,” “expect,” “anticipate,” “intend,”
“plan,” “foresee,” “may,” “should,” “will,” “estimates,” “outlook,”
“potential,” “optimistic,” “confidence,” “continue,” “evolve,” “expand,”
“growth” or words and phrases of similar meaning. Statements that
describe objectives, plans or goals also are forward-looking statements.
All of these forward-looking statements are subject to risks, management
assumptions 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
company’s 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 company’s
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
company’s capital allocation strategy); and the other risks detailed in
the company’s 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.
Copyright Business Wire 2014