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Exhibit 99.1
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%
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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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849116 Annual Reports
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10-K Annual Report August 2006
- 10-K Annual Report September 2005
- 10-K Annual Report September 2004
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Ace Cash Express Inctx provided additional information to their SEC Filing as exhibits
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CIK: 849116
Form Type: 10-K Annual Report
Accession Number: 0000950134-06-016959
Submitted to the SEC: Tue Aug 29 2006 4:39:23 PM EST
Accepted by the SEC: Tue Aug 29 2006
Period: Friday, June 30, 2006
Industry: Functions Related To Depository Banking
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