Cost Plus Inc /California (CPWM) Tops Q1 EPS by 10c; Comps Up 5.5%; Increases FY11 EPS, Guides Q2

May 19, 2011 4:13 PM EDT
Cost Plus Inc /California (NASDAQ: CPWM) reported Q1 EPS of ($0.15), $0.10 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $199.7 million versus the consensus estimate of $198.1 million.

Same store sales increased 5.5%.

Sees Q2 2011 loss of ($0.37) - ($0.44), versus the consensus of ($0.22). Sees Q211 revenue of $195-$199 million, versus the consensus of $201.4 million.

Increases FY2011 EPS from $0.45 - $0.55 to $0.54-$0.63, which may not compare to the consensus of $0.55.


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Earnings, Guidance, Retail Sales