ShopKo Stores, Inc. reported consolidated sales for the four weeks ended January 29, 2005 decreased 1.6% to $196.5 million from $199.6 million during the same period last year. Consolidated comparable store sales decreased 1.7%.
Consolidated comparable store sales for the fiscal thirteen weeks and the fiscal fifty-two weeks ended January 29, 2005 declined 4.4% and 0.4%, respectively.
Sales Summary by Business Segment (dollars in millions)
Retail Segments Period Ended % Change
4 Weeks: 1/29/05 Total** Comp*
ShopKo $145.1 (3.6)% (3.7)%
Pamida 51.4 4.8 4.4
Total Retail $196.5 (1.6)% (1.7)%
13 Weeks:
ShopKo $681.9 (6.0)% (5.8)%
Pamida 228.0 0.3 0.2
Total Retail $909.9 (4.5)% (4.4)%
52 Weeks:
ShopKo $2,356.7 (1.1)% (0.9)%
Pamida 810.3 1.2 1.2
Total Retail $3,167.0 (0.5)% (0.4)%
* 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 in the
prior year periods from seven locations which have been closed and not
replaced, and two new Pamida locations opened in fiscal 2003. Sales
variance also reflects sales from five closed Pamida locations and
seven new locations in fiscal 2004.
Consolidated comparable store sales for the month of February are expected to be in the negative low single digit range.
