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Hancock Fabrics Reports Results for the First Quarter of Fiscal 2015

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BALDWYN, Miss.--(BUSINESS WIRE)--Hancock Fabrics, Inc. (OTC symbol: HKFI) today announced financial results for its first quarter ended May 2, 2015. Financial results for the first quarter include: Net sales for the quarter were $61.7 million compared to $63.0 million in the first quarter of the prior year. Comparable store sales declined by 1.9% primarily due to the disruption of product flow resulting from West Coast port issues. Gross profit for the first quarter was 43.6% compared to 45.1%

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