Duckwall-ALCO Stores Reports Positive March Sales Results
April 07 2011 - 8:30AM
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales
from continuing operations for the fiscal five-week period ended
April 3, 2011, increased 3.0% to $43.8 million, compared to $42.5
million during the same period of the prior year. On a comparable
store basis, excluding fuel, sales increased 0.4% versus the prior
year.
Sales year-to-date increased 4.1% to $79.3 million, compared to
prior-year sales of $76.2 million. On a comparable store
basis, excluding fuel, sales increased 1.7% versus the prior
year.
Rich Wilson, President and Chief Executive Officer, commented,
"We are pleased with the increase in comparable store sales,
despite the shift of the Easter holiday from March last year to
April this year. Our strategic initiatives to deliver more
value, improve store execution and better manage inventory continue
to build momentum. Following our fourth-quarter comparable store
increase of 1.8%, we now have achieved positive same-store sales in
the first two months of the new fiscal year."
Investor Conference Call
The Company will host an investor conference call at 10:00 a.m.
CDT on April 15, 2011 to discuss operating results for the year
ended January 30, 2011. The dial-in number for the conference
call is 888-271-8608, (international/local participants dial
913-312-1482), and the Confirmation Code is 4384694. Parties
interested in participating in the conference call should dial in
approximately five minutes prior to 10:00 a.m. CDT. A replay
of the call will be available after 1:30 p.m. CDT, April 15, 2011
through April 20, 2011 by dialing 888-203-1112 or for
international/local callers 719-457-0820. The Replay Passcode
is 4384694. A replay of the call will also be available four
hours after completion of the call by visiting the Investors page
on the Company's website, www.ALCOstores.com.
About Duckwall-ALCO Stores, Inc.
Duckwall-ALCO Stores, Inc. is a broad-line retailer, primarily
located in small underserved communities across 23 states. The
Company has 214 ALCO stores that offer both name brand and private
label products of exceptional quality at reasonable prices. We
are proud to have continually provided friendly, personal service
to our customers for the past 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
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