ALCO Stores, Inc. Announces First Quarter Sales Results
ABILENE, Kan., May 9, 2013 (GLOBE NEWSWIRE) -- ALCO Stores, Inc. (Nasdaq:ALCS)
today announced that sales from continuing operations, excluding fuel,
increased 0.9% to $116.0 million for the first quarter of fiscal 2014, a
13-week period ended May 5, 2013, compared to $114.9 million during the same
period of the prior year. On a same-store basis, excluding fuel, first-quarter
sales decreased 2.2% from a year earlier.
Rich Wilson, President and Chief Executive Officer, commented, "Sales in the
first fiscal quarter were negatively impacted by extended winter weather
conditions, which lasted through April throughout much of the Midwest. More
than 80% of the decrease in same-store sales performance came from seasonal
businesses such as Outdoor Living, Horticulture, Sporting Goods and
Menswear.The decreases in outdoor businesses were partially offset by
favorable sales performance in Domestics, Housewares, and Women's Apparel
where customers have responded favorably to the introduction of our new
Investor Conference Call
The Company will host an investor conference call at 10:00 a.m. Central Time
on Friday, June 14, 2013, to discuss operating results for the first quarter
of fiscal year 2014, ended May 5, 2013.The dial-in number for the conference
call is 888-481-2844 (international/local participants dial 719-785-1753), and
the Conference Code is 2271713. 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 14, 2013 through June 19, 2013, by dialing 888-203-1112
(international/local participants dial 719-457-0820), and the Replay Code is
2271713. 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
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.
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
Hagen and Partners
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