Duckwall-Alco Narrows Loss

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.

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