Goody's total sales were $99.4 million for the fiscal month of May 2004, an increase of 3.5% over total sales of $96.0 million for the fiscal month of May 2003. Comparable store sales for May 2004 increased 1.3% over May 2003.
Total sales for the first four months of fiscal 2004 increased 6.1% to $402.3 million from $379.0 million during the same period last year. Comparable store sales for the first four months of fiscal 2004 increased 3.4% over the same period last year.
“I am pleased to report a continuation of monthly comparable store sales increases for the fiscal month of May 2004,” said Robert M. Goodfriend, Chairman and Chief Executive Officer. “With this increase, the Company has now posted comparable store sales increases in 14 of the last 15 months. The later timing of the Memorial Day holiday, which occurred in fiscal June of this year compared with fiscal May of last year, had a negative impact on our May business, estimated at approximately 1.3% of total sales for the month. The shift in the timing of the holiday to fiscal June 2004 had a favorable impact on our sales for the first two days of fiscal June. I am also pleased that sales of our new Duck Head line continue to outpace our original expectations, representing approximately 6.3% of total sales for May.” Goodfriend also noted, “Sluggish sales early in May prompted the addition of some promotional advertising during the month.”
