New units help Cost Plus sales
May 21, 2004,
OAKLAND, Calif. — Building sales, and at the same time tweaking costs, Cost Plus Inc. pushed earnings in the opening quarter up 28.6 percent, to $3.3 million from $2.6 million.
Sales at the specialty retailer of casual home furnishings and entertaining products jumped 16.6 percent, to $185.7 million from $159.2 million the preceding year, aided largely by the rollout of new units. Same-store sales rose at a more moderate pace of 3.4 percent, building on a gain of 3 percent the year before.
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