A.C. Moore Had Record 4Q Sales

Sales for the year ended December 31, 2001, were $332.4 million, an increase of 27% over 2000 sales of $262.1 million. Same-store sales increased 8%. Operating profit was $16.1 million, up 50% from $10.8 million in 2000. Net income for the year 2001 increased 45%, to $9.5 million or $1.23 per fully-diluted share from net income of $6.6 million or $0.88 per fully-diluted share in 2000. EBITDA for the year was $21.4 million compared with $14.6 million in 2000, an increase of 46%.
Author: Business News New Jersey
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