Finish Line Declares Quarterly Cash Dividend
October 18 2017 - 1:32PM
Business Wire
Athletic retailer The Finish Line, Inc. (NASDAQ: FINL) announced
today that its board of directors has declared a quarterly cash
dividend of $0.11 per share of outstanding common stock. The
quarterly cash dividend will be payable on December 11, 2017 to
shareholders of record as of November 24, 2017.
“We continue to be confident that our growth strategies and
disciplined expense management have the company well positioned to
deliver increased value to our shareholders over the long-term,”
said Sam Sato, Chief Executive Officer of Finish Line.
About The Finish Line,
Inc.
The Finish Line, Inc. is a premium retailer that carries the
latest and greatest shoes, apparel and accessories. Headquartered
in Indianapolis, Finish Line runs approximately 950 branded
locations in U.S. malls and shops inside Macy’s department stores.
Finish Line employs more than 14,000 associates who connect
customers to sneaker culture through style and sport. Shop
online at www.finishline.com or get access to everything on
the Finish Line app. Also keep track of what’s fresh by following
Finish Line on Instagram, Snapchat and Twitter.
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 with other local,
regional, and national retailers, as well as many of its own
suppliers; 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20171018006330/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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