ABILENE, Kan. — Broad-line retailer ALCO Stores asserted that it is off to a favorable start this holiday season, after reporting a 2.7% in sales from continuing operations for the quarterly period ending November 25.
ALCO reported a profit for the fiscal four-month period ending November 25, showing an increase of $42.4 million from $41.3 million during the same period last year. Its same-store sales dipped 1.7% from a year earlier. Year-to-date figures also increased 1.8% to $383 million from $376.2 million during the same period last year. Year-to-date same-store sales dipped 1.3% from last year.
“We are pleased with ALCO's 2.7% increase in total sales, which reflects a good start to the holiday shopping season and the contribution of our newer stores,” said Rich Wilson, president and CEO. “In particular, sales at our two newest locations in Cut Bank, Montana, and Tioga, North Dakota, are both exceeding forecast. On a same-store basis, performance