This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Duckwall-ALCO Stores Posts Loss In Fiscal 4Q

ABILENE, Kan. (AP) ¿ Discount store operator Duckwall-ALCO Stores Inc. reported a loss in its fiscal fourth quarter due to a charge for transforming its stores and a decline in sales at established locations.

After the market closed Thursday, the company said it had a loss of $715,000, or 19 cents per share, compared with a profit of $1.1 million, or 27 cents per share in the prior year quarter.

The company said excluding discontinued operations, it had a loss of 17 cents per share in the quarter ended Feb. 1.

Duckwall-ALCO said its results were affected by a charge of $1.3 million for its store transformation project ¿ the company's plan to cut operating costs and improve store-level efficiencies.

Revenue fell 5 percent to $140.1 million from $147.1 million.

Same-store sales, or sales at stores open at least a year, fell 3.3 percent, excluding the company's two fuel centers. Customer counts, meanwhile, fell nearly 14 percent at stores open at least a year.

For the year, the company reported a loss of $5 million, or $1.30 per share, compared with a loss of $224,000, or 5 cents per share in the prior year.

Revenue rose to $490 million from $481.8 million.

Shares were unchanged at $10 in morning trading.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs