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Exhibit 99.1
FOR IMMEDIATE RELEASE
Contacts: |
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William S. McCalmont 972/753-2314
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Douglas Lindsay 972/753-2342 | |
Executive Vice President & CFO
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Vice President of Finance | |
wmccalmont@acecashexpress.com
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dlindsay@acecashexpress.com |
ACE CASH EXPRESS REPORTS FISCAL 2006 SECOND QUARTER RESULTS
DALLAS
(January 26, 2006)— ACE Cash Express, Inc. (NASDAQ:AACE) announced fiscal second quarter
2006 net income of $5.0 million and diluted earnings per share of $0.36, compared to fiscal second
quarter 2005 net income of $5.8 million and diluted earnings per share of $0.42. During the fiscal
second quarter of 2006, ACE’s total revenue increased 12 percent to $72.3 million from $64.7
million in the prior year period, due primarily to a 13 percent increase in check cashing fees, an
8 percent increase in loan fees and interest, and a 23 percent increase in bill payment and prepaid
debit card services.
Comparable store revenues increased 4.2 percent compared to the prior year period. Loan fees and
interest increased 2.9 percent, and in states not impacted by the revised FDIC Guidelines for
PayDay Lending, increased by 8.0 percent. Check fees increased by 2.4 percent.
“We remain confident in our long-term disciplined growth strategy of de novo store development
complemented by opportunistic acquisitions and the introduction of new products and services. We
continue to believe that there are increased consumer and financial performance benefits related to
offering our customers a full suite of financial products in an expanding network of stores,” said
Jay B. Shipowitz, President and Chief Executive Officer.
The following information was filed by Ace Cash Express Inctx on Friday, January 27, 2006 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.
View differences made from one quarter to another to evaluate Ace Cash Express Inctx's financial trajectory
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Ace Cash Express Inctx.
849116 Quarterly Reports
- 10-Q Quarterly Report May 2006
-
10-Q Quarterly Report January 2006
- 10-Q Quarterly Report November 2005
- 10-Q Quarterly Report May 2005
- 10-Q Quarterly Report February 2005
