ShopKo Stores, Inc. reported consolidated sales for the four weeks ended April 30, 2005 decreased 10.6% to $209.0 million from $233.7 million during the same period last year. Consolidated comparable store sales decreased 11.1%.
Although overall sales in April were below expectations, the company experienced improved gross margin rates.
Sales Summary by Business Segment (dollars in millions) Retail Segments Period Ended % Change 4 Weeks: 4/30/05 Total** Comp* ShopKo $150.9 (12.6)% (12.8)% Pamida 58.1 (4.8) (6.3) Total Retail $209.0 (10.6)% (11.1)% 13 Weeks: ShopKo $517.9 (6.3)% (6.5)% Pamida 185.4 1.7 0.4 Total Retail $703.3 (4.3)% (4.8)% * Comparable store sales represent sales of those stores open during both fiscal years and do not include sales from the ShopKo wholesale optical lab. **ShopKo division total sales variance reflects sales from one closed ShopKo location in fiscal 2004 and three new ShopKo Express Rx locations. Pamida division total sales variance reflects sales from five closed Pamida locations and seven new locations in fiscal 2004, and three new locations in fiscal 2005.
The company expects consolidated comparable store sales for the month of May to be in the negative low single digit range.