Duckwall-Alco Narrows Loss
July 7, 2011-- Home Textiles Today,
Duckwall-Alco lowered expenses to bring its net loss for the first quarter to $1.9 million, or 48 cents per share, compared to a net loss of $2.3 million, or 60 cents per share in last year's 1Q.
Sales from continuing operations for the quarter ended May 1 rose 5.6% to $6.1 million, with comps (excluding fuel sales) up 3.2%.
Gross margin pulled back as sales shifted to lower margin goods, the company reported.