Cost Plus, Inc. Announces Sales for the Fourth Quarter and Fiscal Year.OAKLAND, Calif. -- Cost Plus, Inc. (Nasdaq:CPWM CPWM Certified Public Works Manager (New Jersey state license) CPWM Controlled Pulsewidth Modulation ) announced total revenue for the fourth quarter ended January 28, 2006 was $367.0 million, a 7.0% increase from $342.9 million for the fourth quarter ended January 29, 2005. Total revenue for the full fiscal year was $970.4 million, a 6.8% increase from $908.6 million for fiscal 2004. Same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of for the fourth quarter decreased 2.1% compared with a decrease of 1.3% for the fourth quarter of fiscal 2004. For the full year, same store sales decreased 2.6% following a 0.9% increase last year. The Company also reaffirmed guidance provided on January 9, 2006, wherein where·in adv. In what way; how: Wherein have we sinned? conj. 1. In which location; where: the country wherein those people live. 2. it estimated earnings per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share to be at or near $0.98 for the fourth quarter of fiscal 2005. Barry Feld, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. commented: "I am pleased with the success of several operating and marketing improvements which contributed to an acceleration of sales and customer count each month throughout the fourth quarter and resulted in positive comp comp See comparison. sales and customer count in January." The Company will release its fourth quarter and fiscal year end results on March 16, 2006 and will hold a conference call at 8:00 a.m. PT. The call will be held in a "listen-only" mode for all participants other than the sell-side and buy-side investment professionals who regularly follow the Company. Phone numbers for the call are (415) 537-1986 or (212) 676-5360. Callers are advised to dial in approximately 15 minutes prior to the scheduled start time. A telephonic replay will be available at (402) 977-9140, Access Code: 21282978, from 10:00 a.m. PT Thursday to 10:00 a.m. PT on Friday, March 17, 2006. Investors may also access the live call or the replay over the internet at www.streetevents.com; www.fulldisclosure.com and www.worldmarket.com. The replay will be available approximately one hour after the live call concludes. Cost Plus, Inc. is a leading specialty retailer of casual home living and entertaining products. As of January 28, 2006, the Company operated 267 stores in 34 states compared to 237 stores in 30 states as of January 29, 2005. The above statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc anticipated financial results for the fourth quarter are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " that are based on current expectations and are subject to various risks and uncertainties that could cause actual results to differ materially from those forecasted. Such risk factors include, but are not limited to, determination of the ultimate effect of the rate of seasonal and other markdowns and the mix of sales for the fourth quarter, the results of the Company's physical inventory, changes in accounting rules and regulations, determination of operating costs operating costs npl → gastos mpl operacionales and other expenses, adjustments identified in closing the Company's books and accounting records for the year and year-end audit adjustments. Please refer to documents on file with the Securities and Exchange Commission for a more detailed discussion of the Company's risk factors. The Company does not undertake any obligation to update its forward-looking statements. |
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