Cost-U-Less Reports May 2007 Sales Results
31 Mayo 2007 - 8:00AM
Business Wire
Cost-U-Less, Inc. (the �Company�) (Nasdaq:CULS) today reported an
increase of 3.7% in same store sales (stores open a full 13 months)
for the four weeks ended May 27, 2007 (May 2007). For the
corresponding period a year ago (May 2006), the Company experienced
a same store sales increase of 4.6%. Same store sales increases for
the following fiscal periods were: � Fiscal Month � Fiscal Second
QTD Fiscal YTD 4 weeks � 8 weeks 21 weeks � Ending May 27, 2007
3.7% 3.7% 2.7% Ending May 28, 2006 4.6% 1.9% 3.0% Total sales for
May 2007 increased 4.6% to $17.2 million, compared to $16.5 million
for the corresponding period a year ago. Total sales for the
following fiscal periods ($ in millions) were: � Fiscal Month
Fiscal Second QTD Fiscal YTD 4 weeks 8 weeks 21 weeks � Ending May
27, 2007 $17.2� $34.0� $89.6� Ending May 28, 2006 $16.5� $32.8�
$87.5� Cost-U-Less currently operates eleven stores in the
Caribbean and Pacific region: U.S. Virgin Islands (2), Netherlands
Antilles (2), Hawaiian Islands (2), California (1), Guam (2),
American Samoa (1), and Republic of Fiji (1). The Company builds
its business through delivering high-quality U.S. and local goods,
progressive merchandising practices, sophisticated distribution
capabilities, and superior customer service, primarily to island
markets. Additional information about Cost-U-Less is available at
www.costuless.com. This press release contains statements that are
forward-looking. These statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Such statements, including comparable store sales
expectations, trends in or expectations regarding the Company�s
revenue growth, and the Company�s growth plans are all based on
currently available operating, financial, and competitive
information and are subject to various risks and uncertainties that
could cause actual results to differ materially from historical
results or those anticipated, including that the Company may
encounter substantial delays, increased expenses or loss of
potential store sites due to the complexities, cultural
differences, and local political issues associated with the
regulatory and permitting processes in the island markets in which
the Company may locate its stores. Prolonged adverse occurrences
affecting tourism or air travel, particularly to non-U.S.
destinations, including political instability, armed hostilities,
terrorism, natural disasters or other activity that involves or
affects air travel or the tourism industry generally, could cause
actual results to differ materially from historical results or
those anticipated. Other risks and uncertainties include the
Company�s small store base; the mix of geographic and product
revenues; relationships with third parties; litigation; the
Company�s ability to maintain existing credit facilities and obtain
additional credit; business and economic conditions and growth in
various geographic regions; pricing pressures; political and
regulatory instability in various geographic regions; and other
risks and uncertainties detailed in the Company�s filings with the
SEC.
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