A.C. Moore Achieves Record Sales During 1999; Same Store Sales Grow 6%.Business Editors BLACKWOOD, N.J.--(BUSINESS WIRE)--Jan. 6, 2000 A.C. Moore Arts & Crafts, Inc. (Nasdaq:ACMR ACMR Air Combat Maneuvering Range ACMR Airspace Control Measure Request ACMR Annual Cost Monitoring Report ACMR Advanced Computer for Medical Research ACMR Aircraft Configuration Management Review (USAF) ACMR Asymmetrical Compact Microstrip Resonator ) sales for the year ended December 31, 1999 were a record $223.0 million, an increase of 19% over sales of $187.0 million during the year ended December 31, 1998. Sales for the fourth quarter ended December 31, 1999 were $79.2 million, an increase of 13% over sales of $70.3 million for the fourth quarter ended December 31, 1998. Same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of growth for both the year and quarter ended December 31, 1999 was 6%. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. A.C. Moore President and Chief Executive Officer Jack Parker This article is about the American ice hockey player and coach. For the English cricketer, see Jack Parker (cricketer). Jack Parker (born March 11, 1945 in Somerville, Massachusetts) is the current head coach of the Boston University Terriers men's ice hockey team. , "The improvement in our same store sales was achieved throughout our stores but the results were especially strong in our newer stores." Parker said that the moratorium A suspension of activity or an authorized period of delay or waiting. A moratorium is sometimes agreed upon by the interested parties, or it may be authorized or imposed by operation of law. on new store openings during the first half of 1999 helped the company achieve the increase in same store sales growth. He added, "We wanted to make certain improvements in our operations, communications and marketing. We accomplished our objectives, and feel confident we can expand our store base in 2000 without sacrificing sales and profit growth." The fourth quarter earnings will be released on February 24, 2000. Investors will have the opportunity to listen to the conference call over the Internet through Vcall at http://www.vcall.com. A.C. Moore operates arts and crafts arts and crafts, term for that general field of applied design in which hand fabrication is dominant. The term was coined in England in the late 19th cent. as a label for the then-current movement directed toward the revivifying of the decorative arts. superstores This is a list of superstores by country. Multi-national
This press release contains statements that are forward-looking within the meaning of applicable federal securities laws and are based on A.C. Moore's current expectations and assumptions, which are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Factors that could cause actual results to differ from those anticipated include, but are not limited to, customer demand and trends in the arts and crafts industry, related inventory risks due to shifts in customer demand, the effect of economic conditions, the impact of competitors' locations or pricing, the availability of acceptable real estate locations for new stores, difficulties with respect to new information system technologies, supply constraints CONSTRAINTS - A language for solving constraints using value inference. ["CONSTRAINTS: A Language for Expressing Almost-Hierarchical Descriptions", G.J. Sussman et al, Artif Intell 14(1):1-39 (Aug 1980)]. or difficulties, the effectiveness of advertising strategies and other risks detailed in the Company's Securities and Exchange Commission filings. |
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