August 19, 2005 |
Cost Plus Inc. said second-quarter profit fell 55% because of higher advertising-related costs, and the company lowered its guidance for the remainder of the year. The Oakland-based home furnishings retailer said it expected to report full-year earnings of $1.25 to $1.30 a share, down from the $1.26 to $1.36 the company indicated in May. Analysts were looking for full-year earnings of $1.33 a share on sales of $997.3 million. Second-quarter profit fell to $1.
November 18, 1998 |
Home Depot Inc., Dayton Hudson Corp. and other retailers reported strong profit gains for the third quarter as the economy boosted sales of everything from paint and other household goods to casual clothes. Home Depot, the biggest U.S. retailer of home improvement supplies, said its net income increased 31% to $392 million, or 20 cents a share, a penny higher than expected. Revenue surged 24% to $7.7 billion as strong housing sales fueled demand for its home and building supplies.
October 5, 1999 |
MCI WorldCom (WCOM) Jim: Mike, up first is MCI WorldCom, which is, of course, the nation's second-largest long-distance phone company--created last year by the $40-billion merger of MCI and WorldCom. Mike: Jim, I think you misspoke yourself right there. Jim: How so? Mike: Because I think calling MCI WorldCom a long-distance phone company is like calling Time Warner a cartoon company. It doesn't really tell you what this company is and what it's going to be. Jim: You're way ahead of me.
June 25, 2008 |
Retailer Pier 1 Imports Inc. said Tuesday that it was withdrawing its offer to buy rival Cost Plus Inc. for $88 million. Pier 1 said it was unlikely that it would be able to buy the company at a price that would make sense for its shareholders. The company offered to buy Cost Plus this month in a stock swap transaction. In the proposal, Pier 1 said it would issue 0.6 of a share of its common stock for each share of Cost Plus common stock, implying a value of $4 a share. Last week, Cost Plus' board of directors rejected Pier 1's offer.