Duckwall-ALCO Stores Reports Positive October Sales Results
03 Novembro 2011 - 10:30AM
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales
from continuing operations increased 3.5% to $34.6 million for the
fiscal four-week period ended October 30, 2011, compared to $33.4
million during the same period of the prior year. On a same-store
basis, excluding fuel, sales increased 2.8% from a year earlier.
For the third quarter ended October 30, 2011, sales from
continuing operations increased 3.6% to $109.8 million, compared to
$106.1 million during the same period of the prior year. On a
same-store basis, excluding fuel, sales for the third quarter
increased 2.7% versus a year earlier.
For the nine-month period (39 weeks) ended October 30, 2011,
sales from continuing operations increased 5.8% to $346.0 million,
compared to $327.2 million during the same period of the prior
year. On a same-store basis, excluding fuel, sales for the 39 weeks
increased 4.4% versus a year earlier.
Rich Wilson, President and Chief Executive Officer, commented,
"We are pleased with our 2.8% same-store sales performance for
October, which included the shift of Halloween into fiscal November
this year versus fiscal October last year. The Company's third
quarter sales results represent the fourth consecutive quarter of
same-store sales increases which are based on the improved value
proposition, attractive merchandise offering and customer service
in our ALCO stores. We continue to achieve growth in several areas
of the business, including the Housewares, Commodities, and
Softlines divisions, with strong performances in the Shoes, Décor
and Giftware, Furniture, Movies and Music, Personal Care, and
Ladieswear departments."
Investor Conference Call
The Company will host an investor conference call at 10:00 a.m.
Central Time on Friday, December 9, 2011, to discuss operating
results for the third quarter ended October 30, 2011. The dial-in
number for the conference call is 888-219-1467 (international/local
participants dial 913-312-0389), and the Conference Code is
4966266. 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 December 9, 2011, through December 13, 2011,
by dialing 888-203-1112 (international/local participants dial
719-457-0820), and the Replay Code is 4966266. 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
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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