Factory Card & Party Outlet Corp. Announces Sales for December
January 04 2007 - 6:45AM
Business Wire
Factory Card & Party Outlet Corp. (NASDAQ:FCPO) announced today
that net sales for the five-week period ended December 30, 2006
increased 0.4 percent, compared with the five-week period ended
December 31, 2005. Comparable store sales for the same period
increased 0.3 percent. �Comparable sales, while positive for
December, were negatively impacted by the shift of New Year�s Eve
sales from our fiscal December of last year, to fiscal January of
the current year,� stated Gary W. Rada, President and Chief
Executive Officer. Fiscal Period Ended Percent Change (dollars in
millions) December 30, 2006 December 31, 2005 TotalSales
ComparableSales For the 5 weeks ended $28.4� $28.3� 0.4% 0.3% For
the 48 weeks ended $225.7� $219.9� 2.7% 0.8% Factory Card &
Party Outlet (www.factorycard.com) based in Naperville, Illinois,
is the largest publicly traded retail party chain in the United
States. Factory Card & Party Outlet currently operates 189
Company-owned retail stores in 20 states, offering a wide selection
of party supplies, greeting cards, giftwrap, balloons, everyday and
seasonal merchandise, and other special occasion merchandise at
everyday value prices. Certain statements in this news release
constitute �forward-looking statements� within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties, year-end adjustments and other factors that may
cause the actual results, performance or achievements of the
Company, or industry results, to be materially different from any
future results, performance or achievements express or implied by
such forward-looking statements. In general, the results,
performance or achievements of the Company and its stores and the
value of the Company�s common stock are dependent upon a number of
factors including, without limitation, the dependence on key
personnel; competition, ability to anticipate merchandise trends
and consumer demand; ability to maintain relationships with
suppliers; successful implementation of information systems;
successful handling of merchandise logistics; inventory shrinkage;
ability to meet future capital needs; governmental regulations; and
other factors both referenced and not referenced in the Company�s
filings with the Securities and Exchange Commission.
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