A.C. Moore Arts & Crafts, Inc.
130 A.C. Moore Drive
Berlin, NJ 08009
A.C. Moore Reports Second Quarter Fiscal 2011 Financial Results
Berlin, New Jersey, August 3, 2011
A.C. Moore Arts & Crafts, Inc. (NASDAQ: ACMR) (the Company
or A.C. Moore) today announced results for the three and six month periods ended July 2, 2011.
Sales for the second quarter of 2011 were $99.0 million, a decrease of 0.8% compared to sales of
$99.9 million during the second quarter of 2010. This decline was primarily due to a decrease in
comparable store sales of 0.7%. Net loss for the quarter was $7.9 million, or $0.32 per share,
compared to a net loss of $9.7 million, or $0.40 per share in the second quarter of last year.
Sales for the six months ended July 2, 2011 were $201.7 million, a decrease of 1.7% compared to
sales of $205.2 million during the comparable period of 2010. This decline is primarily
attributable to a 1.7% decrease in comparable store sales. Net loss was $15.3 million, or $0.62
per share, for the six months ended July 2, 2011, compared to a net loss of $17.2 million, or $0.71
per share for the comparable period last year.
Joseph A. Jeffries, Chief Executive Officer, stated, As we move toward our peak selling season, we
are focused on executing our merchandising and operating plan.
The Company will host a conference call beginning at 8:30 a.m., Eastern Time, on Wednesday August
3, 2011 to discuss second quarter 2011 results. To participate in the conference call, please dial
800-967-7140 and provide the operator with passcode #4871024. If you are unable to access the live
call, please dial 888-203-1112 and enter pin #4871024 to access the taped digital replay. The
replay will be available at approximately 10:30 a.m. ET on Wednesday, August 3, 2011 and will
remain available until Wednesday, August 17, 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
Companys 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 Companys 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 www.acmoore.com.