Last10K.com

Ace Cash Express Inctx (849116) SEC Filing 10-Q Quarterly report for the period ending Friday, March 31, 2006

Ace Cash Express Inctx

CIK: 849116
 

Exhibit 99.1
(ACE CASH EXPRESS LOGO)
FOR IMMEDIATE RELEASE
     
Contacts:  
 
William S. McCalmont 972/753-2314  
Douglas Lindsay 972/753-2342
Executive Vice President & CFO  
Vice President of Finance
wmccalmont@acecashexpress.com  
dlindsay@acecashexpress.com
ACE CASH EXPRESS REPORTS FISCAL 2006 THIRD QUARTER RESULTS
Comparable Store Sales Increase 6.8%
DALLAS (April 27, 2006)-— ACE Cash Express, Inc. (NASDAQ:AACE) announced fiscal third quarter 2006 net income of $9.9 million and diluted earnings per share of $0.68, compared to fiscal third quarter 2005 net income of $9.9 million and diluted earnings per share of $0.71. The current quarter includes the previously disclosed $0.04 after-tax charge related to the termination of the Company’s relationship with H&R Block. During the fiscal third quarter of 2006, ACE’s total revenue increased 16 percent to $91.2 million from $78.5 million in the prior year period, due primarily to a 19 percent increase in check cashing fees, an 18 percent increase in loan fees and interest, and a 33 percent increase in bill payment services.
Comparable store revenues increased 6.8 percent compared to the prior year period. Major contributors to this comparable store revenue increase include:
    Comparable store loan fees and interest increased 11.0 percent, and in states not impacted by the revised FDIC Guidelines for PayDay Lending, increased by 12.4 percent.
 
    Comparable store check fees (non-tax check fees) increased by 4.4 percent.
 
    Comparable store tax check fees declined by 2.0 percent. Comparable store tax check fees cashed in company-owned stores declined by 0.3 percent.

 


The following information was filed by Ace Cash Express Inctx on Friday, April 28, 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 SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

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.

Continue

Assess how Ace Cash Express Inctx's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Ace Cash Express Inctx's Definitive Proxy Statement (Form DEF 14A) filed after their 2006 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools
CIK: 849116
Form Type: 10-Q Quarterly Report
Accession Number: 0000950134-06-008877
Submitted to the SEC: Fri May 05 2006 3:07:39 PM EST
Accepted by the SEC: Fri May 05 2006
Period: Friday, March 31, 2006
Industry: Functions Related To Depository Banking

External Resources:

Bookmark the Permalink:
https://last10k.com/sec-filings/849116/0000950134-06-008877.htm