Cost-U-Less Reports December and Fourth Quarter 2006 Sales Results
04 Gennaio 2007 - 3:00PM
Business Wire
Cost-U-Less, Inc. (Nasdaq: CULS): Same Store Sales: Cost-U-Less,
Inc. (the �Company�) (Nasdaq: CULS) today reported an increase of
4.0% in same store sales (stores open a full 13 months), for fiscal
December 2006, compared to same store sales of 5.2% for the
corresponding period a year ago. �In markets operating under normal
conditions, we had another terrific month of sales,� said J.
Jeffrey Meder, the Company�s President and CEO. �The predictable
fall off in sales in Kauai due to new competition, and other
pressures such as the coup in Fiji, pulled our overall comp sales
down. However, we were still able to show positive comps for the
month, a testament to the great seasonal sales in our other
markets.� Same store sales increases for the following periods
were: Fiscal Month Fiscal Fourth Fiscal Year Quarter � December
2006 4.0 % 3.5 % 3.4 % � December 2005 5.2 % 1.7 % 4.7 % Fiscal
2006 was a 52-week year as compared to fiscal 2005 which was a
53-week year. The additional week in 2005 resulted in December 2005
containing six weeks vs. five weeks in December 2006. The sixth
week of December 2005 has been excluded from the same store sales
calculations in order to provide a normalized comparison against
the corresponding fiscal periods in 2006. Approximately every five
years the Company adds a 53rd week to align fiscal periods as close
as possible to calendar periods. Total Sales: Total sales results
(in millions) for the following periods were: Fiscal Month Fiscal
Fourth Fiscal December Quarter Year � Fiscal 2006 25.2 M� 59.1 M�
222.0 M� � Fiscal 2005 (excluding 6th week December) 24.4 M� 57.3
M� 215.8 M� � Fiscal 2005 (including 6th week December) 28.0 M�
60.9 M� 219.4 M� � Increase / (Decrease) over 2005: - Excluding 6th
week December 2005: 3.5% 3.3% 2.9% � - Including 6th week December
2005: (9.9%) (2.8%) 1.2% 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.
Grafico Azioni Cost-U-Less (MM) (NASDAQ:CULS)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Cost-U-Less (MM) (NASDAQ:CULS)
Storico
Da Set 2023 a Set 2024
Notizie in Tempo Reale relative a Cost-U-Less (MM) (NASDAQ): 0 articoli recenti
Più Cost-U-Less, Inc. Articoli Notizie