SKO Shopko Stores

GREEN BAY, Wis., Aug. 4 /PRNewswire-FirstCall/ -- ShopKo Stores, Inc. (NYSE:SKO), today reported consolidated sales for the four weeks ended July 30, 2005 decreased 4.2 percent to $213.2 million from $222.5 million during the same period last year. Consolidated comparable store sales decreased 4.9 percent. Sales Summary by Business Segment (dollars in millions) Retail Segments Period Ended % Change 4 Weeks: 7/30/05 Total** Comp* ShopKo $155.6 (4.9)% (5.5)% Pamida 57.6 (2.0) (3.1) Total Retail $213.2 (4.2)% (4.9)% 13 Weeks: ShopKo $533.3 (6.2)% (6.7)% Pamida 203.7 (1.5) (2.7) Total Retail $737.0 (5.0)% (5.6)% 26 Weeks: ShopKo $1,051.1 (6.3)% (6.6)% Pamida 389.1 0.0 (1.4) Total Retail $1,440.2 (4.7)% (5.2)% * Comparable store sales represent sales of those stores open during both fiscal years and do not include sales from the ShopKo wholesale optical lab. **ShopKo division total sales variance reflects sales from one closed ShopKo location in fiscal 2004 and three new ShopKo Express Rx locations. Pamida division total sales variance reflects sales from five closed Pamida locations and seven new locations in fiscal 2004. Sales variance also reflects sales from three closed Pamida locations and three new locations in fiscal 2005. The company expects consolidated comparable store sales for the month of August to be in the negative low single digit range. Second Quarter Earnings Release The earnings information for the second quarter of fiscal 2005 will be released on Thursday, August 18. Due to the pending merger agreement pursuant to which ShopKo Stores, Inc. will be acquired by a private investment group affiliated with and managed by Goldner Hawn Johnson & Morrison Incorporated, a Minneapolis, Minnesota-based private equity firm, the Company has determined not to hold a conference call to discuss second quarter results. ShopKo Stores, Inc. provides weekly updates on consolidated comparable store sales. A real time audio recording of the previous week's results will be available after 10:00 a.m. CDT Monday by calling (920) 429-4646. These recorded messages will not be available on the Monday preceding monthly sales releases. ShopKo Stores, Inc. is a retailer of quality goods and services headquartered in Green Bay, Wis., with stores located throughout the Midwest, Mountain and Pacific Northwest regions. Retail formats include 140 ShopKo stores, providing quality name-brand merchandise, great values, pharmacy and optical services in mid-sized to larger cities; 220 Pamida stores, 116 of which contain pharmacies, bringing value and convenience close to home in small, rural communities; and three ShopKo Express Rx stores, a new and convenient neighborhood drugstore concept. With more than $3.0 billion in annual sales, ShopKo Stores, Inc. is listed on the New York Stock Exchange under the symbol SKO. For more information about ShopKo, Pamida or ShopKo Express Rx, visit our Web site at http://www.shopko.com/ . This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding expected sales and other financial results. Such statements are subject to important factors that could cause ShopKo's actual results to differ materially from those anticipated by the forward-looking statements including those referenced in ShopKo's current annual report on Form 10-K or as may be described from time to time in ShopKo's subsequent SEC filings; and such factors are incorporated by reference. DATASOURCE: ShopKo Stores, Inc. CONTACT: Media, John Vigeland, +1-920-429-4132, or Investor Relations, +1-920-429-7039, both of ShopKo Stores, Inc. Web site: http://www.shopko.com/

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