Duckwall-Alco Stores' November revenue at stores open at least a year fell 0.2% year-over-year, excluding fuel; CEO says unusually warm weather hurt sales of heaters, blankets and comforters
December 1, 2011
– Duckwall-Alco Stores Inc. said Thursday that revenue at stores open at least a year was roughly flat in November, falling 0.2 percent compared to the same month a year ago.
The results exclude sales of fuel. The company didn't say what revenue would have been including fuel sales.
CEO Rich Wilson noted that the company was facing a difficult comparison, after last November's 6.2 percent increase in revenue at stores open at least a year. He also said that sales had been hurt by unseasonably warm weather, which crimped sales of heaters, blankets and comforters.
The Abilene, Kan., discount chain runs about 200 stores, mostly in small towns in the middle of the country. Wilson, who became CEO in early 2010, has spearheaded efforts to cut spending, remodel stores, and offer higher-quality merchandise.
Revenue at stores open at least a year is a key indicator of a company's health, because it excludes the impact of recently opened or closed stores. Total net revenue rose 0.4 percent to $42.5 million.
Duckwall-Alco shares rose 6 cents to $9.90 in morning trading.
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