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ALCO Stores, Inc. Announces January Sales Results

Stocks in this article: ALCS

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 year earlier.

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."

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