Duckwall-ALCO Stores Reports Positive January Sales Results
February 03 2011 - 8:30AM
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales
from continuing operations for the most recent fiscal four-week
period ending January 30, 2011, increased 0.2% to $28.10 million
compared to $28.05 million in the prior-year month. Same-store
sales decreased 1.9%.
Sales for the fourth quarter of fiscal 2011 increased 4.5% to
$135.1 million, compared to the prior-year $129.3 million.
Same-store sales increased 1.8%.
Sales year-to-date decreased 0.7% to $457.7 million, compared to
prior-year sales of $461.0 million. Same-store sales decreased
2.4%.
Rich Wilson, President and Chief Executive Officer, commented,
"January sales for ALCO Stores were impacted by severe winter
storms in our northern and central plains areas and by decreases in
electronics, toys, and decor businesses. We achieved increased
sales in the month for our food and consumables business and our
apparel departments."
"Our fourth-quarter 1.8% sales increase represents the first
positive comparable-sales quarter in the past seven quarters and
reflects the success of our strategy to re-position ALCO over the
past 10 months to drive additional store traffic, improve the
Company's value proposition, and improve store execution.
Fourth-quarter sales were comp-positive in food and consumables,
apparel and hardlines businesses."
Comparable Sales by Quarter of Fiscal 2011:
1st |
(2.7%) |
2nd |
(7.2%) |
3rd |
(2.3%) |
4th |
+1.8% |
"We are encouraged by our fourth-quarter sales and look forward
to building on the recent trend of the business to deliver improved
sales, earnings and shareholder value as we begin fiscal 2012," Mr.
Wilson added.
About Duckwall-ALCO Stores, Inc.
Duckwall-ALCO Stores, Inc. is a regional broad line retailer
that specializes in meeting the needs of smaller, underserved
communities across 23 states, primarily in the central United
States. The Company offers an exceptional selection of quality
products and recognized brand names at reasonable prices. Its
specialty is delivering those products with the friendly, personal
service its customers have come to expect. With 214 ALCO stores,
the Company is proud to have continually provided excellent
products at good value prices to its customers for 110 years. To
learn more about the company visit www.ALCOstores.com.
The Duckwall-ALCO Stores, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5865
Forward-looking statements
This press release contains forward-looking statements, as
referenced in the Private Securities Litigation Reform Act of 1995
("the Act"). Forward-looking statements can be identified by the
inclusion of "will," "believe," "intend," "expect," "plan,"
"project" and similar future-looking terms. You should not rely
unduly on these forward-looking statements. These forward-looking
statements reflect management's current views and projections
regarding economic conditions, retail industry environments, and
Company performance. Forward-looking statements inherently involve
risks and uncertainties, and, accordingly, actual results may vary
materially. Factors which could significantly change results
include but are not limited to: sales performance, expense levels,
competitive activity, interest rates, changes in the Company's
financial condition, and factors affecting the retail category in
general. Additional information regarding these and other factors
may be included in the Company's 10-Q filings and other public
documents, copies of which are available from the Company on
request and are available from the United States Securities and
Exchange Commission.
CONTACT: Wayne S. Peterson
Senior Vice President - Chief Financial Officer
785-263-3350 X164
email: wpeterson@ALCOstores.com
or
Debbie Hagen
Hagen and Partners
913-652-6547
email: dhagen@hagenandpartners.com
Duckwall Alco (NASDAQ:DUCK)
Historical Stock Chart
From May 2024 to Jun 2024
Duckwall Alco (NASDAQ:DUCK)
Historical Stock Chart
From Jun 2023 to Jun 2024