ShopKo Stores, Inc. reported consolidated sales for the four weeks ended August 30, 2003 increased 1.2 percent to $256.2 million from $253.3 million during the same period last year. Consolidated comparable store sales increased 1.4 percent.
Sales Summary by Business Segment (dollars in millions)
Retail Segments Period Ended % Change 4 Weeks: 08/30/03 Total** Comp* ShopKo $195.5 0.1% 0.1% Pamida 60.7 4.9 5.9 Total Retail $256.2 1.2% 1.4% 30 Weeks: ShopKo $1,284.8 (3.5)% (3.5)% Pamida 444.0 2.2 3.0 Total Retail $1,728.8 (2.1)% (1.9)% *Comparable store sales represent sales of those stores open during both fiscal years. **Pamida division total sales variance reflects sales in the prior year periods from seven locations which have been closed and not replaced.
September Outlook
The company expects consolidated comparable store sales for the month of September to be in the negative low single digit range.