A.C. Moore reports 2Q net loss

BERLIN, N.J. A.C. Moore announced that sales for the second quarter of 2008 were $126.4 million, an increase of 1.6% versus sales of $124.4 million during the second quarter of 2007. Same-store sales decreased by 4.8% versus the same period in 2007.

The company reported that net loss was $4.3 million, or 21 cents per share, compared with a net loss of $0.6 million, or 3 cents per share, in the second quarter of 2007.

Rick Lepley, ceo, stated, “During the quarter we continued work at the store and corporate level on improving our overall execution and installing state of the art information systems. We remain focused on the areas that will have a favorable long-term impact on our company.”