Duckwall-ALCO Stores Reports Positive August Sales Results
September 01 2011 - 8:30AM
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales
from continuing operations increased 3.1% to $33.5 million for the
fiscal four-week period ended August 28, 2011, compared to $32.5
million during the same period of the prior year. On a
comparable-store basis, excluding fuel, sales increased 2.2% from a
year earlier.
For the seven months ended August 28, 2011, fiscal year-to-date
sales from continuing operations increased 6.3% to $269.7 million,
compared to $253.7 million during the same period of the prior
fiscal year. On a comparable-store basis, excluding fuel,
year-to-date sales increased 4.9% versus a year earlier.
Rich Wilson, President and Chief Executive Officer, commented,
"The solid growth trend experienced in the first half of the fiscal
year has continued into August as we delivered our seventh
consecutive month of comparable-store sales increase. We
experienced solid August sales in Housewares, Consumables, Outdoor
Furniture, and Movies and Music. The Apparel and Stationery
departments also performed well during the back-to-school
season."
Investor Conference Call
The Company will host an investor conference call at 10:00 a.m.
Central Time on Friday, September 9, 2011, to discuss operating
results for the second quarter ended July 31, 2011. The
dial-in number for the conference call is 877-704-5378
(international/local participants dial 913-312-0416), and the
Confirmation Code is 4473968. Parties interested in
participating in the conference call should dial in approximately
five minutes prior to 10:00 a.m. Central Time. A replay of the
call will be available after 1:30 p.m. Central Time September 9,
2011, through September 13, 2011, by dialing 888-203-1112
(international/local participants dial 719-457-0820), and the
Confirmation Code is 4473968. 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 213 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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