Printer Friendly
The Free Library
14,651,585 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

A.C. Moore Reports First Quarter Sales.


BLACKWOOD, N.J.--(BUSINESS WIRE)--April 9, 1998--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
) today reported sales for the first quarter ended March 31, 1998 rose 40% to $38.2 million compared to $27.3 million for the same period in 1997. Comparable store sales for the quarter increased 5%.

"We are pleased to note that our sales were ahead of plan during the quarter," stated 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.
, President and Chief Executive Officer. "The positive results were spread across both our new and existing store base."

"We opened four stores during the first quarter in Syracuse and Yorktown Heights, New York Yorktown Heights is an unincorporated hamlet and census-designated place (CDP) located in the town of Yorktown in Westchester County, New York. The population was 7,972 people at the 2000 census. , White Marsh, Maryland White Marsh is an unincorporated community and a census-designated place in Baltimore County, Maryland, United States. The population was 8,485 at the 2000 census. History , and Bellingham, Massachusetts Bellingham is a town in Norfolk County, Massachusetts, USA. The population was 15,314 at the 2000 census. 2005 estimates place the population at 22,734 [2]. The town sits on the southwestern fringe of Metropolitan Boston, along the rapidly growing "outer belt" that is . With one additional store to open later in April, we are on track to open the 11 new superstores This is a list of superstores by country. Multi-national
  • Auchan
  • Barnes & Noble (Books, Music, Videos, Magazines)
  • Best Buy (Music, Videos, Electronics, Computer Software, Appliances)
  • Borders (Books, Music, Videos)
  • Carrefour
  • Cora
 planned for this year."

The Company will announce first quarter results on April 23, 1998.

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 that offer a vast assortment of traditional and contemporary arts and crafts merchandise for a wide range of customers. The Company has 29 superstores in the mid-Atlantic and Northeast regions. -0-

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 are detailed in the Company's Securities and Exchange Commission filings.

CONTACT: A.C. Moore Arts & Crafts, Inc.

Leslie Gordon

Chief Financial Officer

(609) 228-6700

or

Christine DiSanto/Caroline

Babbitt/Amanda Mullin

Morgen-Walke Associates

(212) 850-5600

Media: Jeff Siegel

Morgen-Walke Associates

(212) 850-5600
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 9, 1998
Words:282
Previous Article:Analysis & Technology Acquires Cambridge Acoustical Associates, Inc.
Next Article:J. Baker, Inc. Announces March Sales.
Topics:



Related Articles
A.C. Moore Reports Fourth Quarter Sales.
A.C. Moore Announces First Quarter Results; Earnings Per Share of $0.05 in Line with Analysts' Expectations.
A.C. Moore Reports Second Quarter Sales.
A.C. Moore Same Store Sales Surge During Second Quarter.
KILL BW1066, AC MOORE and KILL BW1179, CQN-AC-MOORE.
A.C. Moore Achieves Record Sales During 1999; Same Store Sales Grow 6%.
A.C. Moore Net Income Up 44% for Fiscal 1999.
A.C. Moore Exceeds First Quarter Expectations.
A.C. Moore Beats Sales and Profit Forecast for the Second Quarter; Company Reaffirms Outlook for Year.
A.C. Moore Reports First Quarter Profit of $0.10 Per Share and Projects Strong Profit Growth in 2002.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles