New book by Larry Connors Click here Improve your trading - See how
For June 2008, net sales increased 10.7% to $715 million, compared with $645.8 million for June 2007. The company had 6,562 stores as of July 5, 2008, including 24 new stores which opened in the June period.
Year-to-date net sales were $5.93 billion; comparable store sales increased 0.7%.
Howard Levine, chairman and CEO, said: "June sales were favorably impacted by several factors, including the arrival of consistently warmer weather, stimulus checks, advertising and robust sales related to the July 4th holiday. Although sales of consumables continue to drive our overall results, this month we saw an improvement in sales trends in more discretionary categories, including apparel and seasonal items."
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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