Cost Plus Expresses Confidence in Fourth Quarter Results.Business Editors OAKLAND, Calif.--(BUSINESS WIRE)--Jan. 14, 2000 Cost Plus, Inc. (Nasdaq:CPWM CPWM Certified Public Works Manager (New Jersey state license) CPWM Controlled Pulsewidth Modulation ) reiterated today that based on sales trends to date, it was comfortable with prevailing analysts' sales and earnings estimates for its fourth quarter, which ends January 29, 2000. Murray Murray, river, Australia Murray, principal river of Australia, 1,609 mi (2,589 km) long, rising in the Australian Alps, SE New South Wales, and flowing westward to form the New South Wales–Victoria boundary. Dashe, Chairman, 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. of Cost Plus, Inc., stated, "While we do not release specific sales results on an interim basis, we are advising that we expect fourth quarter same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. to be reasonably consistent with the Company's year-to-date trends of very solid single digits." "Holiday and seasonal selling activity was strong, particularly in our gourmet food and wine areas, as entertaining activity for Christmas and Millennium celebrations was exceptionally brisk Brisk as a proper name may refer to:
"Cost Plus again demonstrated that it was a destination store for the holidays, and even with the heavier mix of consumables selling for the Millennium and an intensified in·ten·si·fy v. in·ten·si·fied, in·ten·si·fy·ing, in·ten·si·fies v.tr. 1. To make intense or more intense: advertising program, we remain comfortable in at least meeting analysts' expectations for our fourth quarter earnings." "Lastly, we are pleased to report that our test of a Cost Plus private label credit card in the fourth quarter, developed in conjunction with Conseco, Inc.'s subsidiary, Green Tree Financial Corporation, was successful, and will be rolled out to all markets in the first half of fiscal 2000." Cost Plus, Inc. is a leading specialty retailer of casual home living and entertaining products. As of January 14, 2000, the Company operated 103 stores in 16 states. This press release contains 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. regarding Cost Plus' fourth quarter results. Actual results may differ materially from those projected in such statements due to various factors, including the following: operating results for January; changes in economic and competitive conditions; and potential adjustments in connection with the Company's year-end audit. |
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