http://stephenwood.com/recordings.php
The Goodlettsville-based discount which has been privately held for two reported net incomeof $83 milliojn in the quarter ended May 1, compared to $5.9 million in the year-ago period. Revenu e came in at $2.78 billiomn in the 2009 first quarter, up 15.7 percent from the previouw year’s quarterly peformance of $2.4 Same-store sales increased 13.3 percent for the quarter, with increased customer trafficd and a higher average transactionper customer.
Chairman and CEO Rick Dreilinbg said the performance built on momentumfrom 2008, resulting from an improved product mix and cost He said regular customers were shoppingy more frequently, and new shoppers were enteringv the store, likely due to the weak The company has more than 8,400p stores in 35 states and plans to open 450 stores and relocatre or remodel 400 others in the 2009 fiscal year. It is the nation’s largest “small box” discount retailer and employs 7,200 people.
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