ALCO Stores, Inc. Announces January Sales Results
ABILENE, Kan., Feb. 7, 2013 (GLOBE NEWSWIRE) -- ALCO Stores, Inc.
(Nasdaq:ALCS) today announced sales for the January period, fourth quarter
period and for the fiscal year-ended February 3, 2013. As a result of the
Company's fiscal 2013 year containing 53 weeks, each fiscal 2013 period
presented here has one additional week of sales in the current year when
compared to the prior-year periods which contain 52 weeks.The Company will
report actual results and also will compare the same-store percentage changes
for each period "as adjusted" to an equal number of weeks with the prior year,
by excluding the current fiscal year's 53^rd week of activity.
Sales from continuing operations, excluding fuel, increased 26.0% to $34.8
million for the fiscal five-week period ended February 3, 2013, compared to
$27.6 million during the four-week period of the prior year. On a same-store
basis, excluding fuel, sales increased 21.4% from a year earlier.As adjusted,
same-store sales excluding fuel, decreased 1.0% from a year earlier.
For the fourth quarter ended February 3, 2013, sales from continuing
operations, excluding fuel, increased 8.3% to $145.1 million, compared to
$133.9 million for the fourth quarter ended January 29, 2012 of the prior
year. On a same-store basis, excluding fuel, sales increased 4.2% from a year
earlier.As adjusted, January same-store sales excluding fuel, decreased 0.5%
from a year earlier.
For the 53-week fiscal year ended February 3, 2013, sales from continuing
operations, excluding fuel, increased 3.6% to $485.7 million, compared to
$468.8 million during the 52-week period of the prior year. On a same-store
basis, excluding fuel, sales for the 53-week period increased 0.3% from a year
earlier.As adjusted, same-store sales, excluding fuel, decreased 1.0% from a
Rich Wilson, President and Chief Executive Officer, commented, "January sales
were somewhat soft due to a combination of positive and negative
factors.Cooler temperatures in January drove ALCO's business in seasonal
categories within the Home and Hardlines Divisions, and we also experienced
growth in our Commodities Division as a result of our expanded freezer and
cooler product offerings.However, consumer spending was subdued amid
uncertainty on the future of the economy with the fiscal cliff, payroll tax
increase, and other issues in the period."
About ALCO Stores, Inc.
ALCO Stores, Inc. is a broad-line retailer, primarily located in small
underserved communities across 23 states. The Company has 217 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 112 years. To learn more about
the Company, visit www.ALCOstores.com.
The ALCO Stores, Inc. logo is available at
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
Hagen and Partners
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