Same-store sales rose 8.4% from the third quarter of last year, with total sales up 13.9%. Net sales were $969.5 million, compared to $851.0 for Q3 of 2004.

For the first three quarters, net income was $89.5 million, compared to the first nine months of fiscal 2004 with $6.4 million net income. The same-stores increase is attributed to a cold fall and winter as well as an overall stronger economy.

A double-digit comparative sales increase in December (10.1%, with a 4.9% increase in January and a 7.9% increase in February) helped to reduce gross margins as a percentage of sales from 64.5% in fiscal 2004 to 63.1%.

Recommended For You

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.