Fitness financials: Finish Line Q4 sales down 6 percent, plus Iconix, Wal-Mart, Costco

Finish Line's Q4 sales dropped 6 percent, the CEO of Iconix exercised options, Wal-Mart's same-store sales rose in February, and Costco reported February sales.

Finish Line Q4 sales down 6 percent

Finish Line (Nasdaq: FINL) said its fourth-quarter same-store sales fell 6 percent, versus a 5.4 percent decline in the year-ago period.

The company's Finish Line stores reported a 5.4 percent decline in the quarter ended March 1, while Man Alive same-store sales dropped 14.2 percent.

Total sales for the quarter fell 10 percent to $382.8 million from $425.7 million in the prior-year quarter.

For the full year, Finish Line said same-store sales dropped 4.7 percent, while total sales from continuing operations slipped 4 percent to $1.28 billion from $1.33 billion.

Iconix CEO exercises options

Neil Cole, CEO of Iconix Brand Group (Nasdaq: ICON), exercised options for 253,749 shares and sold 206,500 shares, according to Securities and Exchange Commission filings. Iconix is the parent of Danskin Fitness.

In Form 4s filed with the SEC, Cole reported he exercised options at $3.50 apiece and sold the shares for $19.50 apiece to $20.39 apiece March 5-7.

Cole also surrendered 17,994 shares at $19.43 apiece. Insiders surrender shares back to the company to pay taxes or cover the cost of an option exercise.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

Wal-Mart same-store sales rise in February

Wal-Mart Stores' (NYSE: WMT) same-store sales rose 3 percent in February, helped by sales of gas, food and flat-panel TVs. Same-store sales for the four weeks ended Feb. 29 rose 2.6 percent excluding fuel.

Wal-Mart Stores same-store sales rose 2.5 percent, while Sam's Club same-store sales rose 5.2 percent, or 2.8 percent excluding fuel.

Total sales rose 9 percent to $29.19 billion, from $26.79 billion last year.

The company expects same-store sales in March to be between flat and up 2 percent.

The company is raising its annual dividend 8 percent. It will pay an annual dividend of $0.95, up from a previous dividend of $0.88. For the fiscal year ending Jan. 31, 2009, it will pay four quarterly installments of nearly $0.24 per share. The first quarterly dividend is payable April 7 to shareholders of record as of March 14.

Costco reports February sales

Costco (Nasdaq: COST) said February net sales of $5.11 billion for the four weeks ended March 2, 2008, an increase of 11 percent from $4.59 billion in the same four-week period of the prior fiscal year. Same-store sales for the four weeks were up 7 percent.

For more information about any public company on this page or its financial reports, as well as to view stock prices updated every 15 minutes, visit the SNEWS® Stock Market Updates. Click on:


Fitness financials: Big 5's Q4 same-store sales down 8.6 percent, plus Sears, Costco, Wal-Mart, Finish Line

Big 5's Q4 same-store sales down 8.6 percent Big 5 Sporting Goods (Nasdaq: BGFV) said same-store sales fell 8.6 percent in the fourth quarter as fewer customers visited its stores. Despite that, it offered new guidance toward the higher end of its previous estimates for the more

Fitness financials: Nautilus stock drops 6 percent on analyst downgrade, plus Everlast, Crocs, Town Sports Int'l, adidas/Reebok, Foot Locker, Finish Line, Amer, Costco, Wal-Mart

Nautilus stock drops 6 percent on analyst downgradeAfter being downgraded from "buy" to "neutral" by Merriman Curhan Ford on March 3, shares of Nautilus (NYSE: NLS) fell $0.96, or 6 percent, to $15.14 in midday trading on the New York Stock Exchange, closing the day at $15.12. more

Fitness financials: Iconix lowers 2008 guidance, plus Costco, Wal-Mart

Iconix lowers 2008 guidance Iconix Brand Group (Nasdaq: ICON), parent of Danskin Fitness, reduced its revenue and earnings guidance for 2008, noting the difficult economy. The company now expects earnings per share in a range of $1.15 to $1.20 and revenue between $215 million more

Fitness financials: Voting advisory firms reject Sherborne's bid for control of Nautilus board, plus Forzani Group, Iconix, Collective Brands, Finish Line, Costco, Wal-Mart

Voting advisory firms reject Sherborne's bid for control of Nautilus board, stock up on Dick's partnership Three independent voting advisory services have all issued recommendations to their clients, saying that Sherborne Investors LP's bid for control of Nautilus' (NYSE: NLS) more

Fitness financials: Forzani Group's Q2 profit rises, plus Finish Line, Crocs, Dick's, Costco, Wal-Mart

Forzani Group's Q2 profit rises Forzani Group Ltd. (TSX: FGL), Canada's largest sporting goods retailer whose banners include Sport Chek, Sports Experts and Coast Mountain Sports, reported a higher second-quarter profit. Forzani also owns specialty fitness retailer Fitness more

Fitness financials: Town Sports Q4 profit surges more than five times, plus Accell Group, Iconix, adidas, Big 5, Stride Rite, Foot Locker, Finish Line, Health Fitness, Brunswick, Wal-Mart, Costco

Town Sports Q4 profit surges more than five timesTown Sports International (Nasdaq: CLUB) reported its fourth-quarter profit rose more than fivefold, reportedly driven by growing membership revenue and ancillary club revenue. Net income climbed to $6.6 million, or $0.25 per more

Fitness financials: Garmin acquires Dynastream Innovations, plus Dick’s Sporting Goods, Finish Line, Costco, Wal-Mart

Garmin acquires Dynastream InnovationsGarmin has acquired Dynastream Innovations for approximately $36 million in cash. Dynastream is a provider in the field of personal monitoring technology -- such as foot pods and heart rate monitors for sports and fitness products -- and more

Fitness financials: Stride Rite to purchase Saucony, plus Big 5, Everlast, Finish Line, Costco, Wal-Mart

Stride Rite to purchase SauconyHind's parent Saucony (NasdaqNM: SCNYA and SCNYB) has been picked up by Stride Rite Corp. for $170 million -- about $23 a share. Taking into account cash reserves at Saucony, Stride Rite said the deal would cost it about $140 million. Stride Rite is more

Fitness financials: Town Sports drops IPO price, plus Bally, Cybex, Everlast, Costco, Finish Line, Wal-Mart

Town Sports drops IPO price, starts tradingAfter cutting the price of its initial public offering, Town Sports International Holdings (Nasdaq: CLUB) was a slow mover on the Nasdaq Stock Exchange on June 2. Town Sports, the third-largest U.S. fitness club operator, cut its planned more