A.C. Moore Second Quarter Sales Increase 21%; Same Store Sales Up 7%; Profits to Exceed Company's Expectations.Business Editors BLACKWOOD, N.J.--(BUSINESS WIRE)--July 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 second quarter ended June 30, 2000 grew to $55.2 million, an increase of 21% over sales of $45.5 million during the second quarter of 1999. Comparable store sales increased by 7%. For the six months ended June 30, 2000 sales were $108.0 million, an increase of 15% over 1999 six-month sales of $93.6 million. Comparable store sales grew by 5%. 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, said, "Having clearly exceeded our expectations for the quarter, we are extremely pleased with both overall and 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 . Our new stores are performing very well and our additional openings continue to meet our time line." Parker also indicated that with the reported strength in sales, the Company anticipates beating First Call consensus estimates for the second quarter. Second quarter earnings will be released on July 20, 2000. Investors will have the opportunity to listen to the conference call live 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. stores 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 operates 45 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. . 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. |
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