Noodle Kidoodle Announces Fourth Quarter & Fiscal 1998 Sales.SYOSSET, N.Y.--(BUSINESS WIRE)--February 5, 1998-- -- Fourth Quarter Comparable Store Sales Increase 22% -- -- Company Plans to Open At Least Six Stores in Fiscal 1999 -- Noodle Kidoodle, Inc. (Nasdaq: NKID) today announced that total sales in its Noodle Kidoodle stores for the fourth quarter of fiscal 1998 ended January January: see month. 31, 1998, increased 28% to $36.8 million from $28.7 million for the same period last year. 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 for the fourth quarter increased 22%. Twenty-six stores were included in the Company's comparable store base at the end of the fourth quarter. Total sales of Noodle Kidoodle stores for fiscal 1998 increased 41% to $81.5 million from $57.7 million last year. Same store sales for the year increased 16%. Stanley Stanley, town (1991 pop. 1,557), capital of the Falkland Islands, S Atlantic Ocean, on East Falkland island. It is the main port and trading center of the islands. The name is sometimes written as Port Stanley. Greenman, Chairman and Chief Executive Officer, commented, "Our strong sales during the holiday selling period were the highlight of the quarter and the year and boosted this quarter's comparable store sales increase to the highest on record for us." Mr. Greenman continued, "Based on these encouraging sales trends and the strength of our balance sheet, we intend to open at least six new stores this year." Noodle Kidoodle is an innovative specialty retailer of children's edu-tainment products which focus on stimulating, educational and non-violent non-violent Adjective using peaceful methods to bring about change nonviolence n merchandise in a fun and interactive environment. Noodle Kidoodle is dedicated to expanding children s minds and helping their imaginations grow. The Company opened its first Noodle Kidoodle store in 1993 and currently has 32 stores located in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey, Connecticut Connecticut, state, United States Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W). and the Boston Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. , Chicago and Detroit metropolitan areas. Noodle Kidoodle's World Wide Web site is located at http://www.noodlekidoodle.com. CONTACT: NOODLE KIDOODLE, INC. Stanley Greenman Chairman and Chief Executive Officer (516) 677-0500 ext. 300 or Naomi Rosenfeld/Carolyn Capaccio Heather Anthony Press: Stacy Berns/Jeff Siegel Morgen-Walke Associates (212) 850-5600 |
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