A.C. Moore Reports Fourth Quarter Sales.BLACKWOOD, N.J.--(BUSINESS WIRE)--Jan. 8, 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 fourth quarter ended December 31, 1997 rose 37% to $53.1 million compared to $38.7 million for the same period in 1996. Comparable store sales for the quarter increased 3%. Sales for the year ended December 31, 1997 increased 26% to $138.0 million versus $109.3 million in 1996. Comparable store sales increased 4% in 1997. "We are encouraged with our sales performance during the fourth quarter and the full year," 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. "We enjoyed strong sales at both new and existing stores." "We opened two stores during the fourth quarter of 1997 in Framingham, Massachusetts Framingham is a town in Middlesex County, Massachusetts. As of the 2000 census, the population was 66,910, making it the most populous town in New England. The 2005 population estimate is 65,598. and Scranton, Pennsylvania "Scranton" redirects here. For other places named Scranton, see Scranton (disambiguation). The City of Scranton is the county seat of Lackawanna CountyGR6 in Northeastern Pennsylvania, USA. , which successfully completed the eight store openings we scheduled for 1997. We have established an opening schedule for five stores in the spring and are on track to open 11 new superstores This is a list of superstores by country. Multi-national
A.C. Moore operates arts and crafts superstores that offer a vast assortment assortment /as·sort·ment/ (ah-sort´ment) the random distribution of nonhomologous chromosomes to daughter cells in metaphase of the first meiotic division. as·sort·ment n. of traditional and contemporary arts and crafts merchandise for a wide range of customers. The Company has 25 superstores in the mid-Atlantic and Northeast regions. 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 the factors set forth under the caption "Risk Factors" in A.C. Moore's Registration Statement on form S-1 (File No. 333-32859) filed with the Securities and Exchange Commission. 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 or Media: Jeff Siegel Morgen-Walke Associates (212) 850-5600 |
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