DENVER, Aug. 7 /PRNewswire-FirstCall/ -- Ultimate Electronics, Inc.
(Nasdaq: ULTE) today announced its sales results for the quarter ended
July 31, 2003.
Sales for the quarter ended July 31, 2003 were $154,100,000, a 9% increase
from sales of $142,000,000 for the same period in the previous year. The
sales totals include 58 stores open during this quarter compared to 47 stores
open during the same quarter in the prior year. Comparable store sales were
down 10% for the quarter ended July 31, 2003.
Ultimate Electronics plans to announce earnings for the second quarter and
early third-quarter sales in a press release scheduled for August 28, 2003.
Ultimate Electronics is a leading specialty retailer of home entertainment
and consumer electronics products in 13 states. The company operates
58 stores, including 40 stores in Arizona, Idaho, Illinois, Iowa, Minnesota,
Missouri, Nevada, New Mexico, Oklahoma, South Dakota, Texas and Utah under the
trade name Ultimate Electronics(R), 11 stores in Colorado under the trade name
SoundTrack(R) and seven stores in Minnesota under the trade name Audio
King(R). In addition, the company operates Fast Trak, Inc., an independent
electronics repair company based in Minnesota and a wholly owned subsidiary of
Ultimate Electronics. During the past two years, the company received
numerous industry awards including Audio Video International's 2002 "Top 10
Audio/Video Retailer of the Year."
Ultimate Electronics is expected to release its second quarter earnings
results on the morning of August 28, 2003 and to hold its conference call at
11:00 a.m. Eastern Time on the day of the release, which will be broadcast
live on the Internet. Please visit the Company's Web site at
http://www.ultimateelectronics.com and click on the Street Events icon on the
Investor Relations page to access the live broadcast. Ultimate Electronics
news releases, quarterly sales and operating results can be found on the
Internet on the Company's Web site at http://www.ultimateelectronics.com .
For further information, please contact: Alan E. Kessock, Chief Financial
Officer of Ultimate Electronics, Inc., +1-303-801-4000, alan.kessock@ulte.com.
SOURCE Ultimate Electronics, Inc.
 back to top
Related links:
http://www.ultimateelectronics.com
Company News On-Call:
http://www.prnewswire.com/comp/877054.html
CONTACT:
Alan E. Kessock, Chief Financial Officer of
Ultimate Electronics, Inc., +1-303-801-4000,
alan.kessock@ulte.com
|
