ApplianceSmart total retail revenues decreased 6.1% to $17.8 million compared with the same period of 2012, resulting primarily from the decline in same-store sales and closure of three stores that were operating in the same period of 2012. There was also an erosion in ARCA's gross margin due to lower scrap metal prices.
Scratching my head too. Great quarter. Bullish outlook on CC. Those carbon offsets should give ARCI some big profits in Q3 & Q4. Think this is a buying opportunity before the stock moves back up to $3-$4 range.