Cost Plus, Inc. (CPWM)

First quarter sales and earnings per share for Cost Plus Inc. (CPWM - Analyst Report) were slightly above our estimates. Even so, the company's sales declined 9% year-on-year and it reported a net loss of $20 million.

The company is closing stores, cutting costs, and trying to preserve cash, but those moves will do little reverse its weak sales trends and merchandise margins. In addition, management's guidance for the second quarter cautioned investors to prepare for more of the same.

Cost Plus expects same-store sales to decrease 9.5%-14.5% and a pre-tax loss from continuing operations of $14-$21 million. We have an Underperform rating on CPWM shares. Our six-month target price is 50 cents per share.

Cost Plus, Inc. (CPWM) : FULL ANALYST REPORT

Email	Print	Share	RSS	Rate Pos	Rate Neg	Comment

Loading Stories...

Related Content

RELATED ARTICLES BEAR OF THE DAY ARCHIVE

Zacks Equity Research: Report For CPWM
N/A	12/28/09
Zacks Blog: Zacks Bull and Bear of the Day Highlights: Caterpillar, Cost Plus, Inc., Gap Inc., J.M. Smucker Company and Stone Energy Corporation
(CAT, CPWM, GPS, SJM, SGY)	11/23/09
Bear of the Day: Cost Plus, Inc. (CPWM)
(CPWM)	11/23/09
Zacks Blog: Zacks Bull and Bear of the Day Highlights: ITT Corporation, Cost Plus, Inc., Ford, Paccar and General Mills
(ITT, CPWM, F, PCAR, GIS)	09/03/09
Bear of the Day: Cost Plus, Inc. (CPWM)
(CPWM)	09/03/09

 Posting Comment...

There was a problem posting this this comment. Please try back later.
[CLICK TO CLOSE X]

Comments (Limit 1000 Characters - Used: 0)

Please provide your comments here... Display Name: Email Address:  

 Loading Comments...

Be the first to comment on this article!