Rochester, NY 8/24/2009 4:28:07 PM
Appliance Recycling Centers of America Inc. ARCI, Appliance Recycling Centers of America Releases its Operating Results for the Second Quarter
Appliance Recycling Centers of America Inc. ARCI
Appliance Recycling Centers of America makes an announcement that it’s financial and operating results for the ended July 4, 2009.
Total revenues for the second quarter of 2009 decreased 14.4% to $25.4 million from $29.7 million in the second quarter of 2008. ARCA reported a second quarter 2009 operating loss of $0.1 million compared to operating income of $1.5 million during the same period of 2008.
Second quarter comparable store revenues from the sixteen ApplianceSmart Factory Outlets open for the past twelve months decreased 19.7%, and total retail revenues decreased 7.9% to $19.3 million from $21.0 million during the same period of 2008.
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