Finish Line settlement Discusses Q4 2013 Results
Mike Poser Sterne Agee Leach Inc, Scientific tests DivisionGood morning. La and orange county Sarah, And I'll be your getting together with operator today. Here, I'd like to welcome everyone to the Finish Line Fourth Quarter Fiscal 2013 Earnings business call. [ Information] At this period, I'd like introducing the host of today's call, Finish Line's Chief capital Officer, Education Wilhelm. Mister, You may begin your expo.
Good days, All the family, And we appreciate you joining us. On the letter with me today is our Chairman and CEO, Glenn Lyon. Furthermore, Gary Schneider, Ceo and Chief Operating Officer; And mike Sato, President of the completed Line brand, Are with us for problem and answer portion of our call.
Before I start, I need to remind you that this call can include forward looking statements involving risks, Management assumptions and questions that could cause actual results to differ materially from the statements expressed or implied.
Such risks and questions include, But aren't limited to,
Oakley Sunglasses Replacement Lenses, Product demand and market status risks, The results of economic conditions, The effects of competitive companies pricing, The supply of products,
Cheap Oakley Sunglasses For Women, Maintenance of growth and other risks detailed in our news release and SEC filings.
The forward looking statements most notable call are made only as of the date of this report, And the company undertakes no obligation to update these forward looking statements to reflect subsequent events or cases.
Right away, I will turn the debate over to Glenn.
With thanks a lot, Edward, And desired, Each. I'm going to begin today's call with a review of our fourth quarter operating success and full year highlights, Followed by attorney at law of how we're approaching fiscal 2014. Ed will then read the financials in detail and outline our guidance. Marriage ceremony closing comments, We'll be happy to take the questions you have.
Our fiscal year came to a close much like we estimated. Following a solid December buoyed by the christmas season, Sales trends slowed certainly in January before recovering somewhat in February. Strong comp gains in football, Up 26% to be able to fourth quarter, Were offset by gentleness in some portions of our running business, Within turn total was down 6%.
Combined with the drag on sales from the recent shift in category trends, We believe our business was also impact by the much discussed macro headwinds. The result was comp sales increase of 1%,
Vintage Oakley Sunglasses, With local sales down 2% and digital up 21%. Tweaked fourth quarter diluted EPS of $0.76 was based on our guidance.
Diving deeper into the category and brand tasks from the quarter, We did a good job leveraging our merchandise capacity to capitalize on the strong trends in basketball. As i discussed, Our golf ball business was up 26% in Q4 on a comp basis, Driven by the continuing strength of Brand Jordan,
Oakley Sunglasses Cheap Prices, Nike, Adidas but Reebok. Both retro and non retro styles performed comfortably.
While running was down as a section, Have been pockets of strength led by Nike free and Max 2013 along with Brooks, The company and Mizuno. To quarter, Soft goods also elevated mid single digits on a comp basis, Driven by some strong gains in decorative accents.
This fourth quarter, We expertly launched our new Macy's business with the opening of 3 shops, And we're really excited about the initial results. More on Macy's in a flash.
While the pace of our business slowed on end of the year, It shouldn't detract from the number of successes over the past 12 months, Nor should it serve as a harbinger money. I am encouraged by how quickly our team reacted to the difficulties that arose in the back half of the year and the progress we've made against the objectives we laid out on our third quarter call.
Above all, We've reduced our expense structure to higher align with current and projected top line trends. Ed gives you more specific details on the nature of the reductions in his section.
Prominently, Our website has continued to contribute meaningful to our bottom and top line, As digital keeps a critical component of our Omni channel strategy.
Looking back to these times last year, We set a series of goals for the particular. Appearing as part of FY '13, The focus was on improving productivity in our stores, Increasing penetration and earning of our digital business, Developing new growth initiatives and returning capital to investors. A last year,
Oakley Men, We also outlined what it would take in terms of capital financial savings in people, Technology and stores to achieve our vision to become a leading Omni channel retailer. This morning, Our vision and course remain unrevised, Though we are modifying the pace of some of our initiatives using the learnings of the past year.
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