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A.C. Moore Arts & Crafts, Inc.
A.C. Moore Reports First Quarter 2009 Results
June 5th, 2009
A.C. Moore Arts & Crafts, Inc. (Nasdaq:ACMR) (the “Company”) announced results for the first quarter ended April 4, 2009. Sales for the first quarter of 2009 were $108.6 million, a decrease of 14.1% versus sales of $126.5 million during the first quarter of 2008. Same store sales decreased by 13.4% versus the same period in 2008. Net loss was $4.3 million, or $0.21 per share, compared with a net loss of $1.8 million, or $0.09 per share, in the first quarter of 2008. First quarter 2009 results include costs of $0.02 per share for the termination of an interest rate swap. First quarter 2008 results include costs of $0.01 per share related to the inventory restatement and...
Source: Health Business Week (2009-06-05)
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