Duckwall-ALCO Stores reports wider Q3 loss
Duckwall-ALCO Stores, Inc. (Nasdaq: DUCK) shares are up despite the discount retailer’s announcement that it clocked a third-quarter net loss of $1.6 million, or $0.43 per share, compared with a loss of $0.6 million, or $0.17 per share, a year earlier.
Quarterly revenue increased 5% to $114.3 million, from $108.8 million during the third quarter of 2006
The Abilene, Kan.-based company said markdowns and losses related to stolen or damaged merchandise hurt its margins. Same-store sales during the three month period rose 2.2%.
In afternoon trading, DUCK shares are up 2.19%, or $0.62, at $28.87. Over the last 52 weeks, shares have ranged from $26 to $41.64.
