National Home Centers Inc.
by September 4, 2000 12:00 am 50 views
National Home Centers Inc. announced that, for the second quarter ended July 31, net income was $312,000, or four cents per share, compared with net income of $449,000, or six cents per share in the second quarter of 1999.
Net sales decreased to $26.1 million compared with $28.5 million a year ago. Comparable store sales for stores open more than one year decreased 8 percent.
The Springdale company finished the quarter operating the same eight stores that it had in 1999. For the second quarter, its revenues consisted of 78 percent sales to professional contractors and 22 percent to retail customers versus 83 percent and 17 percent, respectively, in 1999.