Duckwall-ALCO Stores Reports Positive May Sales Results
June 02 2011 - 8:30AM
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales
from continuing operations for the fiscal four-week period ended
May 29, 2011, increased 4.0% to $39.8 million, compared to $38.2
million during the same period of the prior year. On a
comparable-store basis, excluding fuel, sales increased 3.3% versus
the prior year.
On a year-to-date basis, sales from continuing operations
increased 5.2% to $154.3 million, compared to $146.7 million in the
first four months of fiscal 2011. On a comparable-store basis,
excluding fuel, sales increased 3.2% versus a year earlier.
Rich Wilson, President and Chief Executive Officer, commented,
"In-spite of adverse weather conditions in several of our markets
during May, we have delivered our fourth consecutive month of
increased comparable-store sales. We remain pleased with our
progress in top line sales. Clearly our improved value proposition,
marketing and merchandise offering is resonating with our core
customer. In addition, we remain focused on improving execution,
reducing expenses and delivering increased profitability for our
shareholders."
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
the 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
913-642-6363
email: dhagen@hagenandpartners.com
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