Cost-U-Less Reports November 2006 Sales Results
30 November 2006 - 3:00PM
Business Wire
Cost-U-Less, Inc. (the �Company�) (Nasdaq: CULS) today reported an
increase of 3.6% in same store sales (stores open a full 13
months), for the four weeks ended November 26, 2006 (November
2006). For the corresponding period a year ago (November 2005), the
Company experienced a same store sales increase of 2.7%. Same store
sales increases for the following fiscal periods were: Fiscal Month
Fiscal FourthQuarter-to-date Fiscal Year-to-date 4 weeks 8 weeks 47
weeks � Ending November 26, 2006 3.6% 3.1% 3.3% � Ending November
20, 2005 2.7% -0.7% 4.6% Same store sales for Fiscal Fourth
Quarter-to-date 2005 were negatively impacted by the timing of the
Company�s annual Anniversary Sale. This promotion occurred in the
Fiscal Third Quarter of 2005, whereas it occurred in Fiscal Fourth
Quarter of 2004. In 2006 the promotion also occurred in Fiscal
Third Quarter, the same quarter as 2005. Total sales for November
2006 increased 3.4% to $17.5 million, compared to $17.0 million for
the corresponding period a year ago. Total sales for the following
fiscal periods (in $ millions) were: Fiscal Month Fiscal
FourthQuarter-to-date Fiscal Year-to-date 4 weeks 8 weeks 47 weeks
� Ending November 26, 2006 $ 17.5� $ 33.9� $ 196.8� � Ending
November 20, 2005 $ 17.0� $ 32.9� $ 191.4� 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. Cost-U-Less, Inc. (the
"Company") (Nasdaq: CULS) today reported an increase of 3.6% in
same store sales (stores open a full 13 months), for the four weeks
ended November 26, 2006 (November 2006). For the corresponding
period a year ago (November 2005), the Company experienced a same
store sales increase of 2.7%. Same store sales increases for the
following fiscal periods were: -0- *T Fiscal Month Fiscal Fourth
Fiscal Year-to-date Quarter-to-date 4 weeks 8 weeks 47 weeks Ending
November 26, 2006 3.6% 3.1% 3.3% Ending November 20, 2005 2.7%
-0.7% 4.6% *T Same store sales for Fiscal Fourth Quarter-to-date
2005 were negatively impacted by the timing of the Company's annual
Anniversary Sale. This promotion occurred in the Fiscal Third
Quarter of 2005, whereas it occurred in Fiscal Fourth Quarter of
2004. In 2006 the promotion also occurred in Fiscal Third Quarter,
the same quarter as 2005. Total sales for November 2006 increased
3.4% to $17.5 million, compared to $17.0 million for the
corresponding period a year ago. Total sales for the following
fiscal periods (in $ millions) were: -0- *T Fiscal Month Fiscal
Fourth Fiscal Year-to-date Quarter-to-date 4 weeks 8 weeks 47 weeks
Ending November 26, 2006 $17.5 $33.9 $196.8 Ending November 20,
2005 $17.0 $32.9 $191.4 *T 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.
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