Dart Group posts 18.8% rise in quarterly sales

November 09, 1990

Landover-based Dart Group Corp. announced yesterday that sales increased 18.8 percent and 17.3 percent, respectively, for the three-month and nine-month periods that ended Oct. 31.

Three-month sales increased to $261,475,000 from $220,075,000, and nine-month sales rose to $747 million from $636,829,000.

The increase in Dart's sales resulted primarily from the increase in the number of stores operated by Shoppers Food Warehouse, Crown Books and Trak Auto, all subsidiaries of Dart Group.

In addition, sales were up 7.5 percent and 7.1 percent during the three- and nine-month periods for stores open more than one year.

Dart owns about 54 percent of Crown Books, 69 percent of Trak Auto, 50 percent of Shoppers Warehouse and 100 percent of Dart Group Financial and Cabot-Morgan Real Estate Corp.

Shoppers Food operates 23 stores in the Washington area. Crown operates 259 stores in the Washington area, California, Houston, Chicago and Seattle. Trak Auto operates 330 stores in metropolitan Washington, Baltimore, Chicago, Los Angeles, San Diego and Richmond, Va.

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