Duckwall-ALCO 2Q Profit Rises 26%
Abilene, Kan. Duckwall-ALCO Stores Inc. said Friday its second-quarter profit jumped 26% due to a cost-reduction program and higher revenue from new stores.
For the quarter ended Aug. 3, net income rose to $3.3 million from $2.6 million in the prior-year quarter.
Duckwall-ALCO said results were helped by a companywide cost-reduction program implemented in the first quarter.
Revenue jumped 9% to $129.6 million from $119 million in the second quarter of 2008.
The revenue boost appeared to come from newer stores. Same-store sales fell 2.1% during the quarter.