QualityStocks News - Command Center Posts Strong September, Q3 Sales Results

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Company announces a 9.9% increase in September sales and record third-quarter revenue

Many of our established branch offices generated record or near-record sales...

QualityStocks would like to highlight Command Center, Inc., provider of short term, unskilled, and semi-skilled temporary employees for manual labor, light industrial, and skilled trade applications. The company operates through its stores primarily in the western half of the U.S., serving small to mid-sized businesses in the retail, manufacturing, construction, and other industries.

In the company’s news yesterday,

Command Center reported sales results for its 58 company-owned stores for the five weeks, third quarter, and nine months ended September 2012.

Command Center’s revenues for September increased 9.9% to $11.17 million compared to $10.16 million recorded in September 2011.

The company’s third quarter 2012 revenue of $28.40 million increased 13.7% compared to $24.97 million in the same year-ago quarter, and marks the highest of any quarterly reporting period in the company’s history.

For the first nine months of 2012, revenue of $71.76 million was up 16.4% compared to revenues of $61.65 million in the comparable year-ago period.

The company cites the opening of four new stores in the fiscal year, as well as impacts from natural disasters, for the positive numbers.

“Many of our established branch offices generated record or near-record sales in September and during the quarter; and the results of new branch offices opened during the past few months are in line with, and, in some cases, exceed our expectations,” Command’s chairman and CEO Glenn Welstad stated in the press release. “Also, disaster relief and recovery activities, particularly those following Hurricane Isaac, had a growing positive impact on monthly and quarterly revenue; and the company’s presence in this sector continues to expand.”

Welstad said that he anticipates the company to address and benefit from the needs of national accounts and companies experiencing labor shortages in the Bakken Shale Region of North Dakota.

“As a result of our strategic expansion plan and commitment to customer satisfaction, Command now benefits from multiple sources of business revenue throughout many areas of the nation’s economy. We are experiencing consistent, steady growth and remain very excited about the future,” Welstad concluded.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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