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SKFB SKF AB

18.475
-0.195 (-1.04%)
03 Dec 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
SKF AB TG:SKFB Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.195 -1.04% 18.475 18.445 18.50 18.66 18.50 18.66 103 22:50:13

S & K Famous Brands Reports March Same-Store Sales up 22.4 Percent

07/04/2005 2:30pm

PR Newswire (US)


SKF AB (TG:SKFB)
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S & K Famous Brands Reports March Same-Store Sales up 22.4 Percent RICHMOND, Va., April 7 /PRNewswire-FirstCall/ -- S&K Famous Brands, Inc. (Pink Sheets: SKFB)(http://www.skmenswear.com/) today announced sales for the five weeks ended April 2, 2005. Total sales for the month were up 23.3% to $24.0 million compared with $19.5 million last year. Same-store sales were up 22.4%. Sales for the nine-week period ended April 2, 2005 were up 16.6% to $40.6 million compared with $34.8 million for the same period last year. Same-store sales were up 15.5%. The Company's comparable store sales for the months of March and April 2005 should be more appropriately measured on a combined nine-week basis due to a calendar shift which moved Easter into March this year from April last year. Historically, the Company experiences significant sales increases in the weeks prior to Easter. Beginning with April's sales results, to be announced on May 5, 2005, the Company expects to begin posting all financial information only on its website at http://www.skmenswear.com/. S&K Famous Brands, Inc. is a retailer of value-priced menswear operating 235 stores in 27 states reaching from the East Coast to Texas and from Maine to Florida. S&K offers a complete line of men's apparel generally priced 20- 40% below department store and specialty store regular prices. For more information, go to our Web site at http://www.skmenswear.com/. Except for historical information contained herein, the statements in this release may be forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward- looking statements involve known and unknown risks and uncertainties, which may cause future events to differ materially from those expressed in such forward-looking statements. Such risks and uncertainties include, among other things, the unknown effects of deregistration and the unpredictability of market conditions, whether any broker-dealers are willing and able to be market makers in the Company's stock, as well as numerous operational and economic conditions, such as the competitive environment in the value-priced men's apparel industry in general and in the Company's specific market area, inflation, changes in costs of goods and services and economic conditions in general and in the Company's specific market area. Certain of these and other risks are more fully described in the Company's filings with the Securities and Exchange Commission. The forward-looking statements made in this release are made only as of the date of this release, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. DATASOURCE: S&K Famous Brands, Inc. CONTACT: Robert E. Knowles, Chief Financial Officer of S&K Famous Brands, Inc., +1-804-346-2500 Web site: http://www.skmenswear.com/

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