Cost Plus, Inc. Announces Sales for the Second Quarter.OAKLAND Oakland, city (1990 pop. 372,242), seat of Alameda co., W Calif., on the eastern side of San Francisco Bay; inc. 1852. Together with San Francisco and San Jose, the city comprises the fourth largest metropolitan area in the United States. , Calif. -- Cost Plus, Inc. (Nasdaq:CPWM CPWM Certified Public Works Manager (New Jersey state license) CPWM Controlled Pulsewidth Modulation ) announced total sales for the second quarter ended July 30, 2005 were $202.8 million, a 7.0% increase from $189.5 million for the second quarter ended July 31, 2004. The total sales achieved were at the lower end of prior guidance. For the first six months of the fiscal year, total sales increased 7.4% to $402.8 million. 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 second quarter decreased 1.7% compared to a 3.2% increase for the second quarter of fiscal 2004. Prior guidance for the quarter called for a range in same store sales from a decrease of 1.0% to an increase of 1.0%. The greater than anticipated decline in same store sales was primarily the result of lower sales from an annual dining furniture event in July that offered products that were less deeply discounted than those offered last year. Additionally, the "World Flea Market See computer flea market. flea market yard sale of used items at low prices. [Pop. Culture: Misc.] See : Inexpensiveness " clearance sale event contributed fewer sales due to lower availability of clearance merchandise compared to what was available for last year's event. Offsetting the shortfall Shortfall The amount by which the capital required to fulfill a financial obligation exceeds available capital. Notes: Shortfall risk is often combated with an efficient hedging strategy created by a fund, group, institution, or individual. in same store sales from prior guidance was greater than anticipated sales from new stores. The Company now estimates that earnings for the second quarter will be between $0.06 to $0.07 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. The Company will release its second quarter results on August 18, 2005 and will host a conference call at 8:00 a.m. PT. The call will be 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) 908-6255 or (646) 862-1110. Callers should dial in approximately 15 minutes prior to the scheduled start time. A telephonic replay will be available at (402) 977-9140, Access Code: 21256963, from 10:00 a.m. PT Thursday to 10:00 a.m. PT on Friday, August 19, 2005. Investors may also access the live call or the replay over the internet at 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 July 30, 2005, the Company operated 246 stores in 31 states compared to 220 stores in 27 states as of July 31, 2004. The above statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc anticipated financial results for the second quarter of 2005 is a "forward-looking statement 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 is based on current expectations and is 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 gross profit rate earned on second quarter sales, determination of operating costs operating costs npl → gastos mpl operacionales and other expenses, changes in accounting rules and regulations, and adjustments identified in closing the Company's books and accounting records. 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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