Egghead announces July 1996 sales results.SPOKANE, Wash.--(BUSINESS WIRE)--Aug. 12, 1996--Egghead Inc. (Nasdaq: EGGS) today reported sales results for the month of July 1996, which includes the period from June 30, 1996 through July 27, 1996. These results do not include the discontinuance Cessation; ending; giving up. The discontinuance of a lawsuit, also known as a dismissal or a non-suit, is the voluntary or involuntary termination of an action. DISCONTINUANCE, pleading. A chasm or interruption in the pleading. 2. of operations for the Corporate, Government, and Education division (CGE CGE Computable General Equilibrium CGE Conference des Grandes Ecoles (French) CGE Carrier Grade Edition (COTS Linux platform) CGE Classic Gaming Expo (game) ) which was sold on May 13,1996. The company's consolidated revenue from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the for the month of July, 1996 was $22.8 million, a decrease of 6% from the $24.3 million in revenue for the same period of the previous year. The average number of stores in full operation during July 1996 was 159, down from 165 during the same period of the previous year. Comparable store sales for the month of July decreased 8% from the same period of the previous year. These comparable store sales results do not include Egghead's sales through its Direct Response and Internet site (www.egghead.com). For the eleven remodeled and expanded stores in existing markets, sales in July 1996 increased 34% over the same period of the previous year. During the month, Egghead opened 2 stores and closed 2 stores. The ending number of stores in operation on July 27, 1996, was 159. Egghead Inc. is a leading retailer of computer software, hardware and accessories with retail stores located throughout the country and corporate offices located in Spokane. -0- This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, including risks related to the highly competitive nature of the computer software, hardware and other related products retailing industry, the seasonality and quarterly fluctuation of financial results, the early stage of the company's new merchandising store format, the dependence of the company's sales on the purchase and use of personal computers and software, and the risks detailed in the company's SEC reports, including the report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended March 30, 1996. Actual results may differ materially. CONTACT: Egghead Inc. Edward Wozniak, 509/891-4851 or Fi.Comm See comms. Ltd. Michael Newman Michael Newman (born 1957) was a Los Angeles County lifeguard for 20 years and a firefighter. Newman started his career as a lifeguard at the age of 10 when he joined the junior lifeguards. He excelled at swimming and water sports and attended Pacific Palisades High School. , 800/790-0569 |
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