DART GROUP ANNOUNCES SALES
DART GROUP ANNOUNCES SALES LANDOVER, Md., Nov. 8 /PRNewswire/ -- Herbert H. Haft, chairman of
Dart Group Corporation (NASDAQ: DARTA) announced sales increased 5.6 percent and 11.6 percent for the three months and nine months ended Oct. 31, 1991, respectively.
Sales for the three months and nine months ended Oct. 31, 1991 increased to $281,948,000 from $266,884,000 and to $839,614,000 from $752,409,000, respectively. The increase in Dart's sales resulted primarily from the increase in the number of stores for Shoppers Food Warehouse. Additionally, increases were attributable to a 2.4 percent increase in sales for the nine months ended Oct. 31, 1991 for stores open more than one year. During the three months ended Oct. 31, 1991, sales decreased 4.5 percent for stores open more than one year. Dart owns approximately 54 percent of Crown Books, 69 percent of Trak Auto, 50 percent of Shoppers Food Warehouse and 100 percent of Dart Group Financial and Cabot-Morgan Real Estate Company. Shoppers Food Warehouse operates 27 stores in the Washington metropolitan area. Crown operates 255 book stores in the Washington, D.C. area; California; Houston; Chicago, and Seattle. Trak Auto operates 331 stores in the Washington; Baltimore; Richmond, Va.; Chicago; Los Angeles and San Diego metropolitan areas. -0- 11/8/91 /CONTACT: Stanley Rubenstein of Rubenstein Wolfson & Co., Inc., 212-297-6108, for Dart Group/ (DARTA) CO: Dart Group Corporation ST: Maryland IN: REA SU: JT-OS -- NY057 -- 2713 11/08/91 16:29 EST
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|Date:||Nov 8, 1991|
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