A.C. Moore Arts & Crafts (ACMR) Reports Large Q3 Loss
A.C. Moore Arts & Crafts, Inc. (NASDAQ: ACMR) reports a Q3 loss of $0.53 vs. consensus for a $0.07 loss. Revenues were $106.1 million vs. $109.64 million consensus.
Rick Lepley, Chief Executive Officer, said, “We were highly promotional in the quarter which adversely affected our margins. However, we are encouraged with the customer count increase from the second quarter, suggesting that shoppers were pleased with our advertising message and promotions.”
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Rick Lepley, Chief Executive Officer, said, “We were highly promotional in the quarter which adversely affected our margins. However, we are encouraged with the customer count increase from the second quarter, suggesting that shoppers were pleased with our advertising message and promotions.”
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