Cost-U-Less Reports June 2006 Sales Results
July 06 2006 - 9:00AM
Business Wire
Cost-U-Less, Inc. (the "Company") (Nasdaq:CULS) today reported an
increase of 4.2% in same store sales (stores open a full 13
months), for the five weeks ended July 2, 2006 (June 2006). For the
corresponding period a year ago (June 2005), the Company
experienced a same store sales increase of 5.6%. Same store sales
increases for the following fiscal periods were: -0- *T Fiscal
Month Fiscal Second Quarter Fiscal YTD 5 weeks 13 weeks 26 weeks
Ending July 2, 2006 4.2% 2.8% 3.2% Ending June 26, 2005 5.6% 4.9%
6.0% *T Total sales for June 2006 increased 3.5% to $20.7 million,
compared to $20.0 million for the corresponding period a year ago.
Total sales for the following fiscal periods ($in millions) were:
-0- *T Fiscal Month Fiscal Second Quarter Fiscal YTD 5 weeks 13
weeks 26 weeks Ending July 2, 2006 $20.7 $53.6 $108.3 Ending June
26, 2005 $20.0 $52.3 $105.5 *T Cost-U-Less currently operates
eleven stores in the Caribbean and Pacific region: U.S. Virgin
Islands (2), Netherlands Antilles (2), Hawaiian Islands (2),
California (1), Guam (2), American Samoa (1), and Republic of Fiji
(1). The Company builds its business through delivering
high-quality U.S. and local goods, progressive merchandising
practices, sophisticated distribution capabilities, and superior
customer service, primarily to island markets. Additional
information about Cost-U-Less is available at www.costuless.com
This press release contains statements that are forward-looking.
These statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Such
statements, including comparable store sales expectations, trends
in or expectations regarding the Company's revenue growth, and the
Company's growth plans are all based on currently available
operating, financial, and competitive information and are subject
to various risks and uncertainties that could cause actual results
to differ materially from historical results or those anticipated,
including that the Company may encounter substantial delays,
increased expenses or loss of potential store sites due to the
complexities, cultural differences, and local political issues
associated with the regulatory and permitting processes in the
island markets in which the Company may locate its stores.
Prolonged adverse occurrences affecting tourism or air travel,
particularly to non-U.S. destinations, including political
instability, armed hostilities, terrorism, natural disasters or
other activity that involves or affects air travel or the tourism
industry generally, could cause actual results to differ materially
from historical results or those anticipated. Other risks and
uncertainties include the Company's small store base; the mix of
geographic and product revenues; relationships with third parties;
litigation; the Company's ability to maintain existing credit
facilities and obtain additional credit; business and economic
conditions and growth in various geographic regions; pricing
pressures; political and regulatory instability in various
geographic regions; and other risks and uncertainties detailed in
the Company's filings with the SEC.
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