ShopKo Stores, Inc. reported consolidated sales for the four weeks ended May 31, 2003 decreased 3.2 percent to $244.2 million from $252.3 million during the same period last year. Consolidated comparable store sales decreased 3.1 percent.
Sales Summary by Business Segment (dollars in millions)
Retail Segments Period Ended % Change 4 Weeks: 05/31/03 Total** Comp* ShopKo $179.3 (4.7)% (4.7)% Pamida 64.9 1.1 1.8 Total Retail $244.2 (3.2)% (3.1)% 17 Weeks: ShopKo $709.8 (4.2)% (4.2)% Pamida 242.3 0.8 1.4 Total Retail $952.1 (3.0)% (2.8)% * 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 three locations which have been closed and not replaced, as well as one location temporarily closed due to severe tornado damage incurred in May, 2003.
The Company expects consolidated comparable store sales for the month of June to be negative low single digits.