Cost Plus Updates Third Quarter Sales and Earnings Guidance.OAKLAND, Calif. -- Cost Plus, Inc. (Nasdaq:CPWM CPWM Certified Public Works Manager (New Jersey state license) CPWM Controlled Pulsewidth Modulation ) today indicated that based on results thus far in its fiscal third quarter, total sales for the quarter should approximate $201 million, which would be a 5.8% increase over last year, compared to prior guidance of $209 million to $213 million. Further, the Company now estimates 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 third quarter will decrease approximately 4.5% vs. prior guidance of a 1% decrease to an increase of 1%. The Company now expects a net loss for the third quarter of approximately $0.12 per diluted share vs. prior guidance between a net loss of $0.04 to net income of $0.02 per diluted share. The Company indicated that customer traffic continues to be below expectations with selling trends continuing to be inconsistent. The Company further indicated that merchandise margins should approximate those implied in its prior guidance. The Company's third quarter ends Saturday, October 29, 2005, and final quarterly sales results will be announced Thursday, November 3, 2005. The Company will report third quarter results and provide fourth quarter 2005 guidance on Friday, November 18, 2005. The above statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc anticipated third quarter financial results 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: general economic conditions, delays in the flow of merchandise, the timing and level of markdowns, competitive factors, changes in fuel and other shipping costs, labor market labor market A place where labor is exchanged for wages; an LM is defined by geography, education and technical expertise, occupation, licensure or certification requirements, and job experience fluctuations, international conflicts, further terrorist activities, and unseasonable un·sea·son·a·ble adj. 1. Not suitable to or appropriate for the season. 2. Not characteristic of the time of year: unseasonable weather. 3. Poorly timed; inopportune. weather conditions. |
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