Cost Plus, Inc. (CPWM), a home living and entertaining products retailer, reported fourth-quarter net income of $36.5 million or $1.55 per share, up from last year's $28.5 million or $1.23 per share.
Net income from continuing operations was $36.7 million or $1.56 per share, compared to $28.8 million or $1.24 per share last year.
On average, 6 analysts polled by Thomson Reuters expected the company to earn $1.50 per share for the quarter. Analysts' estimates typically excludes one-time items.
Net sales for the quarter increased 6.7 percent to $364.3 million from $341.6 million last year. Analysts expected revenues of $361.81 million for the quarter.
Looking forward to the first quarter 2012 , the company expects a net loss from continuing operations of $1.6 million to $0.8 million, or $0.07 to $0.03 per share. It expects net sales of between $210 million and $214 million.
Analysts expect the company to report a loss of $0.09 per share on revenues of $205.46 million for the first quarter.
For the full year 2012, the company expects earnings from continuing operations of $26 million to $28 million, or $1.07 to $1.12 per share. Revenue is expected in the range of $1.0 billion to $1.1 billion.
Analysts expect earnings of $1.05 per share on revenues of $1.01 billion for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.