CSK Auto Corporation Announces Fourth Quarter and Fiscal 2006 Preliminary Sales Results.PHOENIX -- CSK Auto CSK Auto Inc. is the largest specialty retailer of automotive parts and accessories in the western United States and one of the largest retailers of such products in the entire country. Corporation (NYSE NYSE See: New York Stock Exchange :CAO), the parent company of CSK Auto, Inc. (the "Company"), announced today preliminary sales results for the fourth quarter and fiscal year ended February 4, 2007 ("fiscal 2006"). Preliminary Sales Information Fiscal 2006 had 53 weeks of sales (14 weeks in the fourth quarter); while our fiscal year ended January 29, 2006 ("fiscal 2005") had 52 weeks (13 weeks in the fourth quarter). The net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight increases in both the fourth quarter and the fiscal 2006 year are primarily attributable to the sales from Murray's Discount Auto Stores, we acquired in December 2005, the additional week in the fourth quarter and the fiscal 2006 year and the opening of 55 net new stores in fiscal 2006. Fourth Quarter Net sales in the fourth quarter ended February 4, 2007 ("fourth quarter of fiscal 2006") increased 17.2% to approximately $464 million compared to approximately $396 million in net sales in the fourth quarter ended January 29, 2006 ("fourth quarter of fiscal 2005"). Fiscal 2006 Net sales in fiscal 2006 increased 15.2% to approximately $1,868 million compared to approximately $1,621 million in net sales for the fiscal 2005. 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 Same store sales decreased 0.7% for the fourth quarter of fiscal 2006, compared to the fourth quarter of fiscal 2005 plus the first week of fiscal 2006 on a 14 week to 14 week comparison. Same store sales decreased 1.5% for the 2006 fiscal year on a 53 week to 53 week comparison (the 52 weeks of fiscal 2005 plus the first week of fiscal 2006). Based on the same 14 week and 53 week comparisons, retail same store sales decreased 2.8% for the fourth quarter of fiscal 2006 and decreased 3.4% for the 2006 fiscal year and commercial same store sales increased 9.8% for the fourth quarter of fiscal 2006 and increased 7.7% for the 2006 fiscal year. New Store Growth During fiscal 2006 the Company met its goal of opening 55 net new stores. We also relocated eight stores, and closed nine stores that were at or close to their lease expirations. At fiscal 2006 year-end, we operated 1,327 stores in 22 states. Portions of this release may constitute "forward-looking statements" as defined by federal law. Although the Company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " protections provided under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Additional information about issues that could lead to material changes in the Company's performance is contained in the Company's filings with the Securities and Exchange Commission. The Company makes no commitment to revise or update any forward looking statement in order to reflect events or circumstances after the date any such statement is made. CSK Auto Corporation is the parent company of CSK Auto, Inc., a specialty retailer in the automotive aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. . We operate our stores under the brand names Checker check·er n. 1. a. One, such as an inspector or examiner, that checks. b. One that receives items for temporary safekeeping or for shipment: a baggage checker. 2. Auto Parts Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
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