Cost-U-Less Reports August 2006 Sales Results
31 Agosto 2006 - 3:00PM
Business Wire
Cost-U-Less, Inc. (the "Company") (Nasdaq:CULS) today reported an
increase of 5.1% in same store sales (stores open a full 13
months), for the four weeks ended August 27, 2006 (August 2006).
For the corresponding period a year ago (August 2005), the Company
experienced a same store sales increase of 2.3%. Same store sales
for the following fiscal periods were: -0- *T Fiscal Month Fiscal
Third QTD Fiscal YTD 4 weeks 8 weeks 34 weeks Ending August 27,
2006 5.1% 1.4% 2.8% Ending August 21, 2005 2.3% 3.2% 5.3% *T Total
sales for August 2006 increased 5.0% to $17.0 million, compared to
$16.2 million for the corresponding period a year ago. Total sales
for the following fiscal periods ($ in millions) were: -0- *T
Fiscal Month Fiscal Third QTD Fiscal YTD 4 weeks 8 weeks 34 weeks
Ending August 27, 2006 $17.0 $32.6 $140.9 Ending August 21, 2005
$16.2 $32.3 $137.8 *T Cost-U-Less currently operates eleven stores
in the Caribbean and Pacific region: U.S. Virgin Islands (2),
Netherlands Antilles (2), Hawaiian Islands (2), California (1),
Guam (2), American Samoa (1), and Republic of Fiji (1). The Company
builds its business through delivering high-quality U.S. and local
goods, progressive merchandising practices, sophisticated
distribution capabilities, and superior customer service, primarily
to island markets. Additional information about Cost-U-Less is
available at www.costuless.com This press release contains
statements that are forward-looking. These statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such statements, including
comparable store sales expectations, trends in or expectations
regarding the Company's revenue growth, and the Company's growth
plans are all based on currently available operating, financial,
and competitive information and are subject to various risks and
uncertainties that could cause actual results to differ materially
from historical results or those anticipated, including that the
Company may encounter substantial delays, increased expenses or
loss of potential store sites due to the complexities, cultural
differences, and local political issues associated with the
regulatory and permitting processes in the island markets in which
the Company may locate its stores. Prolonged adverse occurrences
affecting tourism or air travel, particularly to non-U.S.
destinations, including political instability, armed hostilities,
terrorism, natural disasters or other activity that involves or
affects air travel or the tourism industry generally, could cause
actual results to differ materially from historical results or
those anticipated. Other risks and uncertainties include the
Company's small store base; the mix of geographic and product
revenues; relationships with third parties; litigation; the
Company's ability to maintain existing credit facilities and obtain
additional credit; business and economic conditions and growth in
various geographic regions; pricing pressures; political and
regulatory instability in various geographic regions; and other
risks and uncertainties detailed in the Company's filings with the
SEC.
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