Cost-U-Less (MM) (NASDAQ:CULS)
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From Jun 2019 to Jun 2024
Cost-U-Less, Inc. (the “Company”)
(Nasdaq:CULS) today reported an increase of 2.7% in same store sales
(stores open a full 13 months), for the five weeks ended July 1, 2007
(June 2007). For the corresponding period a year ago (June 2006), the
Company experienced a same store sales increase of 4.2%.
Same store sales increases for the following fiscal periods were:
Fiscal Month
Fiscal Second Quarter
Fiscal YTD
5 weeks
13 weeks
26 weeks
Ending July 1, 2007
2.7%
3.3%
2.7%
Ending July 2, 2006
4.2%
2.8%
3.2%
Total sales for June 2007 increased 2.8% to $21.3 million, compared to
$20.7 million for the corresponding period a year ago.
Total sales for the following fiscal periods ($in millions) were:
Fiscal Month
Fiscal Second Quarter
Fiscal YTD
5 weeks
13 weeks
26 weeks
Ending July 1, 2007
$21.3
$55.3
$111.0
Ending July 2, 2006
$20.7
$53.6
$108.3
On August 15, 2007 the Company expects to announce its financial results
for the fiscal second quarter ended July 1, 2007.
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.