Exhibit 99.1
(A.C. MOORE LOGO)
For:
A.C. Moore Arts & Crafts, Inc.
130 A.C. Moore Drive
Berlin, NJ 08009
A.C. Moore Reports First Quarter Fiscal 2011 Financial Results
Berlin, New Jersey, May 10, 2011 —
A.C. Moore Arts & Crafts, Inc. (NASDAQ: ACMR) (the “Company” or “A.C. Moore”) today announced results for the first quarter ended April 2, 2011.
Sales for the first quarter of 2011 were $102.7 million, a decrease of 2.5% compared to sales of $105.4 million during the first quarter of 2010. This decline was due to a decrease in comparable store sales of 2.6%. Net loss for the quarter was $7.4 million, or $0.30 per share, compared to a net loss of $7.6 million, or $0.31 per share in the first quarter of last year.
Joseph A. Jeffries, Chief Executive Officer, stated, “As anticipated, the shift of the Easter selling season into the second quarter of this year impacted our first quarter results. We remain focused on executing our strategic plan for 2011.”
The Company will host a conference call beginning at 8:30 a.m., Eastern Time, on Tuesday, May 10, 2011 to discuss first quarter 2011 results. To participate in the conference call, please dial 888-287-5534 and provide the operator with passcode #9061575. If you are unable to access the live call, please dial 888-203-1112 and enter pin #9061575 to access the taped digital replay. The replay will be available at approximately 9:30 a.m. ET on Tuesday, May 10, 2011 and will remain available until Tuesday, May 24, 2011 at 11:59 p.m. ET.
A simultaneous webcast of the conference call may be accessed at www.acmoore.com. Go to “About Us” and click on “Corporate Profile.” To listen to the live call via webcast, please go to the Company’s website at least 15 minutes early to register, download and install any necessary audio software. An archive of the conference call will be available approximately two hours after the conference call ends on the Company’s website.
About A.C. Moore:
A.C. Moore is a specialty retailer of arts, crafts and floral merchandise for a wide range of customers. The Company currently serves customers through its 135 stores located in the Eastern United States and nationally via its e-commerce site, www.acmoore.com. For more information about A.C. Moore, visit our website at www.acmoore.com.
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The following information was filed by A.C. Moore Arts Crafts, Inc. on Tuesday, May 10, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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