Rochester, NY 9/1/2009 2:23:10 PM
AC Moore Arts & Crafts Inc. ACMR, Trading down 11.90% end session
AC Moore Arts & Crafts Inc.
AC Moore Arts & Crafts Inc. said on Thursday it posted a wider second-quarter loss as same-store sales sank in the recession. AC Moore's loss for the three months ended July 4 was $8.1 million, or 38 cents per share, compared with a loss of $4.3 million, or 21 cents per share, last year. Sales declined 17 percent to $104.4 million from $126.4 million because of fewer operating stores and a 13.8 percent drop in same-store sales, or sales at stores open at least one year.
http://StockEinstein.com offers free daily stock alerts on companies ready to run. Scroll to BOTTOM of this page for free stock alerts, or visit our site.Last Trade: 3.48
Day's Range: 3.48 - 3.95
52wk Range: 0.71 - 8.50
Change: Down 0.47 (11.90%)
Volume: 48,667
Avg Vol (3m): 38,364.6
About AC Moore Arts & Crafts Inc.
A.C. Moore Arts & Crafts, Inc. (A.C. Moore) is a specialty retailer of arts, crafts and floral merchandise. As of January 3, 2009, the Company operated 132 stores in the eastern United States from Maine to Florida. Its stores typically range from 20,000 to 25,000 square feet. The Company also serves customers nationally through its e-commerce site, www.acmoore.com. The Company’s assortment of merchandise consists of more than 60,000 stock keeping units (SKUs) with approximately 40,000 SKUs offered at each store at any one time. As of January 3, 2009, the Company offered custom framing in 120 stores. In-store events and programs for children and adults provide hands-on arts and crafts experience.
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