The Finish Line Inc. announced that its board of directors has declared a quarterly cash dividend of $0.07 per share of outstanding common stock. The quarterly cash dividend will be payable June 17, 2013 to shareholders of record as of May 31, 2013.

Finish Line Inc. reported unaudited consolidated earnings results for the fourth quarter and fiscal year ended March 2, 2013. For the quarter, the company reported net sales of $442,682,000 against $456,260,000 a year ago. Operating income was $54,723,000 against $66,512,000 a year ago. Income before income taxes was $54,754,000 against $66,569,000 a year ago. Net income attributable to the company was $34,329,000 or $0.69 per diluted share against $41,920,000 or $0.80 per diluted share a year ago. Operating income, non-GAAP was $60,289,000 against $67,486,000 a year ago. Net income attributable to the company, non-GAAP was $37,719,000 or $0.76 per diluted share against $42,523,000 or $0.81 per diluted share a year ago. Comparable store sales increased 0.7%. Capital expenditures were $29.2 million. For the year, the company reported net sales of $1,443,365,000 against $1,369,259,000 a year ago. Operating income was $112,297,000 against $134,335,000 a year ago. Income before income taxes was $112,495,000 against $134,782,000 a year ago. Net income attributable to the company was $71,473,000 or $1.40 per diluted share against $84,804,000 or $1.59 per diluted share a year ago. Operating income, non-GAAP was $117,890,000 against $135,309,000 a year ago. Net income attributable to the company, non-GAAP was $74,879,000 or $1.47 per diluted share against $85,407,000 or $1.60 per diluted share a year ago. Comparable store sales increased 5.9%. As of March 2, 2013, the company had no interest-bearing debt. Capital expenditures were $91.3 million. For the year, the company generated approximately $80 million in cash from operations, which funded the CapEx requirements. For the quarter, the company reported impairment charges of $5,566,000 against $974,000 a year ago. For the fiscal year ending March 1, 2014, the company currently expects comparable store sales to be up slightly and earnings per share to increase mid-single digit percent over fiscal year 2013 non-GAAP diluted earnings per share of $1.47. The company anticipates that the effective tax rate will be approximately 38.5%. The company is planning the capital expenditures to be in the range of $80 million to $90 million, which includes an estimated $18 million in capital outlay associated with building out shops in Macy's. Breaking down the more significant area of CapEx further: $23 million to $27 million will be dedicated to Finish Line stores, primarily new store openings and store repositions, as well as some maintenance remodel capital; $20 million to $25 million in technology investments to support the multi-year core systems upgrade the company embarked on beginning last year; $4 million to $5 million in technology to support growth in the digital business; and finally, $6 million to $8 million to support The Running Company new store growth, which excludes acquisition capital. Depreciation and amortization for the year is expected to be between $36 million and $38 million.

Finish Line Inc. announced that they will report Q4, 2013 results Pre-Market on Mar 28, 2013