Printer Friendly

HECHINGER COMPANY ANNOUNCES JANUARY SALES

 HECHINGER COMPANY ANNOUNCES JANUARY SALES
 LANDOVER, Md., Feb. 6 /PRNewswire/ -- Hechinger Company


(NASDAQ-NMS: HECHA and HECHB) today released monthly sales for January of $97.7 million, which represents a 25 percent increase from January 1991 sales of $78.3 million. Comparable store sales were up 15 percent for the month. Year-to-date sales increased 15 percent to $1.6 billion from $1.4 billion for the same period in 1991. Comparable store sales were up 2 percent through January.
 John Hechinger Jr., president and chief executive officer of the company, said: "Despite the improvement in our sales performance during January, we expect our fourth quarter results to be lower than analysts expectations due to weaker than anticipated sales in December and lower margins as a result of the markdowns associated with the closing of the seven stores previously announced."
 Hechinger Company is a leading specialty retailer, currently operating 112 do-it-yourself home centers. The company serves the growing home improvement industry through its three divisions: Hechinger, Home Quarters Warehouse, and Triangle Building Centers.
 -0- 2/6/92
 /CONTACT: Lennie Zallar, vice president and treasurer, Hechinger, 301-925-3170/
 (HECHA HECHB) CO: Hechinger Company ST: Maryland IN: REA SU:


DC -- DC034 -- 7856 02/06/92 15:48 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 6, 1992
Words:203
Previous Article:HANNA ANNOUNCES QUARTERLY DIVIDEND
Next Article:MISSOURI $320.1 MILLION GO BONDS RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --
Topics:


Related Articles
HECHINGER COMPANY ANNOUNCES NOVEMBER SALES
HECHINGER COMPANY ANNOUNCES DECEMBER SALES
HECHINGER COMPANY REPORTS FIRST QUARTER RESULTS; ANNOUNCES $57.3 MILLION AFTER-TAX STRATEGIC RESERVE
HECHINGER COMPANY ANNOUNCES JULY SALES
HECHINGER COMPANY REPORTS SECOND QUARTER EARNINGS
HECHINGER COMPANY REPORTS JANUARY SALES
Hechinger Company Announces August Sales
Hechinger Company Announces January Sales Results
Hechinger Company Announces June Sales
Hechinger Company Announces July Sales; Plans to Sell Seven Michigan Stores

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters