Cost Plus Trims Loss
September 25, 2010,
Net loss for the quarter ended May 1 was $10.3 million, or 47 cents per share, compared to a net loss of $41.6 million, or $1.88 per share in the year-ago quarter.
Sales rose 2.7% to $189.2 million, with comps up 5.6%. In last year's 2Q, comps fell 8.9%.
In home - which accounts for 60% of the merchandise mix - sales of non-furniture categories was strong during the quarter, executives said during the company's quarterly conference call.
Related Content By Author
Live from NY Market: Target Talks Up Its New Chemical Initiative