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Good Guys Q3 Sales Fall 12%

12/09/2003 03:28:00 PM Eastern

San Francisco - Good Guys’ third quarter net sales declined 12 percent to $151.3 million and comparable store sales slipped 11 percent for the three months ended Nov. 30.

The high-end West Coast A/V specialty retailer said sales were impacted by a decline in store traffic, Thanksgiving Day store closings and a shift of holiday sales events from November to December.

The company’s pending acquisition by CompUSA is expected to become effective Dec. 18 following a scheduled stockholder meeting.

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