Finish Line Declares Quarterly Cash Dividend, Board Authorizes New Share Repurchase Plan
July 14 2016 - 1:29PM
Business Wire
The Finish Line, Inc. (NASDAQ: FINL) announced today that its
board of directors has declared a quarterly cash dividend of $0.10
per share of outstanding common stock. The quarterly cash dividend
will be payable on September 12, 2016 to shareholders of record as
of August 26, 2016.
The Board also authorized a new five (5) million share
repurchase plan. The new plan will commence upon completion of the
current plan which has approximately 600,000 shares remaining.
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 980 Finish Line branded locations primarily in
U.S. malls and shops inside Macy’s department stores 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 or
Twitter.com/FinishLineNews and “like” Finish Line on Facebook at
Facebook.com/FinishLine. Track loyalty points and find store and
product information with the free Finish Line app downloadable for
iOS and Android customers.
Finish Line also operates JackRabbit (previously referred to by
the company as Running Specialty Group), which includes 71
specialty running stores in 17 states and the District of Columbia
under the JackRabbit, The Running Company, Run On!, Blue Mile,
Boulder Running Company, Roncker’s Running Spot, Running Fit, VA
Runner, Capital RunWalk, Richmond RoadRunner, Garry Gribble’s
Running Sports, Run Colorado, Raleigh Running Outfitters, Striders
and Indiana Running Company banners. More information is available
at www.jackrabbit.com or www.boulderrunningcompany.com. Follow the
latest about the brand on Twitter at Twitter.com/JackRabbit or
Instagram via @JackRabbitNYC.
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," "future," "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 macroeconomic 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); cybersecurity risks, including breach of
customer data; a major failure of technology and information
systems; 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160714006177/en/
The Finish Line, Inc.Media Contact:Dianna L. Boyce,
317-613-6577Corporate CommunicationsorInvestor Contact:Ed Wilhelm,
317-613-6914Chief Financial Officer
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