A.C. Moore Reports Same Store Sales up 10% in Second Quarter; The Company Expects to Beat Consensus Estimate for Second Quarter Earnings.Business Editors 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 ) reported sales of $82.9 million for the second quarter ended June 30, 2002, an increase of 23% over sales of $67.1 million during the second quarter of 2001. Comparable store sales increased by 10%. For the six months ended June 30, 2002, sales were $168.7 million, an increase of 26% over sales of $133.6 million in the first six months of 2001. Comparable store sales grew by 12% for the period. 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. , Chief Executive Officer, stated, "With this sales performance, we expect to beat both the consensus estimate and our own previously announced outlook for the second quarter." Second quarter earnings will be released on July 17, 2002 and the Company will host a conference call at 5:00 P.M. Investors will have the opportunity to listen to the conference call live over the Internet through the Company's investor relations Investor relations The process by which the corporation communicates with its investors. portion of its website at www.acmoore.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. stores that offer a vast selection of arts, crafts and floral flo·ral adj. Of, relating to, or suggestive of a flower: a fabric with a floral pattern. flo merchandise for a wide range of customers. The Company operates 65 stores in the eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Certain statements contained herein which are not historical facts are forward looking statements that involve risks and uncertainties, including, but 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 locations for new stores, difficulties with respect to new information system technologies, supply constraints or difficulties, the results of financing efforts, the effectiveness of advertising strategies and other risks detailed in the Company's Securities and Exchange Commission filings. |
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