Duckwall-ALCO Stores Announces Positive April Sales Results
May 03 2012 - 7:30AM
Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales
from continuing operations increased 4.0% to $36.2 million for the
fiscal four-week period ended April 29, 2012, compared to $34.8
million during the same period of the prior year. On a same-store
basis, excluding fuel, sales increased 2.5% from a year earlier.
For the first quarter of fiscal 2013, sales from continuing
operations increased 3.6% to $117.2 million compared to $113.2
million during the same period of the prior year. On a same-store
basis, excluding fuel, sales for the first quarter increased 1.7%
versus a year earlier.
Rich Wilson, President and Chief Executive Officer, commented,
"Overall, our sales performance during the first quarter was
consistent with our expectations. Customers continued to
respond well to our improved product offerings and value
proposition. Sales were positive in all lines of our
Commodities division as well as our Furniture, Plastic Storage,
Décor, Giftware, and Hardware departments. Warmer temperatures
during the first quarter also helped to drive an early Spring
season and contributed to strong increases in several of our
seasonal departments such as Outdoor Living, Horticulture, and
Sporting Goods."
Investor Conference Call
The Company will host an investor conference call at 10:00 a.m.
Central Time on Friday, June 8, 2012, to discuss operating results
for the first quarter of fiscal year ended April 29, 2012. The
dial-in number for the conference call is 888-254-2831
(international/local participants dial 913-312-0981), and the
Conference Code is 1442841. 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 June 8, 2012 through June 13, 2012, by
dialing 888-203-1112 (international/local participants dial
719-457-0820), and the Replay Code is 1442841. 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 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: 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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