Duckwall-Alco's same-store sales in April up 6.8% year-over-year, reflecting shift of Easter holiday shopping this year; sales from continuing operations up 9.1% to US$35.3M
May 5, 2011
– Duckwall-ALCO Stores, Inc. (Nasdaq:DUCK) today announced that sales from continuing operations for the fiscal four-week period ended May 1, 2011, increased 9.1% to $35.3 million, compared to $32.3 million during the same period of the prior year. On a comparable-store basis, excluding fuel, sales increased 6.8% versus the prior year. The year-over-year comparison reflects the shift of Easter holiday shopping from March in the prior year to April this year.
Sales in the first quarter of fiscal 2012 increased 5.6% to $114.6 million, compared to $108.5 million in the first quarter of fiscal 2011. On a comparable-store basis, excluding fuel, sales increased 3.2% versus a year earlier.
Rich Wilson, President and Chief Executive Officer, commented, "We have now completed our second consecutive quarter of comparable-store sales increases, and we are very pleased with the momentum of our improved value proposition for consumers. We continue to invest in driving top-line growth and remain focused on delivering on strategic initiatives to increase profitability for shareholders."
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.