Duckwall-ALCO Stores Announces January Sales Results
February 02 2012 - 9:43AM
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales
from continuing operations increased 0.7% to $28.7 million for the
fiscal four-week period ended January 29, 2012, compared to $28.5
million during the same period of the prior year. On a same-store
basis, excluding fuel, sales decreased 1.1% from a year earlier.
For the fourth quarter ended January 29, 2012, sales from
continuing operations increased 1.0% to $137.5 million compared to
$136.2 million during the same period of the prior year. On a
same-store basis, excluding fuel, sales for the fourth quarter
decreased 0.6% versus a year earlier.
For fiscal year ended January 29, 2012, sales from continuing
operations increased 4.4% to $482.8 million, compared to $462.6
million during the same period of the prior year. On a
same-store basis, excluding fuel, sales for the fiscal year
increased 3.0% versus a year earlier.
Rich Wilson, President and Chief Executive Officer, commented,
"Unseasonably warm temperatures negatively impacted sales primarily
in hardware, auto, apparel and domestics. As we begin the new
fiscal year, we expect to see positive results from our new spring
product offering, improved customer experience and value
proposition, as well as the enhancements we've made to store
operations."
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 216 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 111 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: For more information, 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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