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Article: A.C. Moore Reports Third Quarter 2009 Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- November 6, 2009
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BERLIN, N.J. -- A.C. Moore Arts & Crafts, Inc. (NASDAQ:ACMR) (the "Company" or "A.C. Moore") today announced results for the three and nine month periods ended October 3, 2009.
Sales for the third quarter of fiscal 2009 were $106.1 million, compared to sales of $116.7 million during the third quarter of fiscal 2008. Sales were impacted by operating two fewer stores than during the same period in 2008 and by a decrease in comparable store sales of 7.7%. Pre-tax loss for the quarter was $12.9 million, compared to a pre-tax loss of $4.4 million for the quarter last year. In the third quarter of 2008, the Company recorded a valuation allowance against the net ...