June 17, 2008 |
Cost Plus Inc. rejected an unsolicited $79-million takeover offer from larger Pier 1 Imports Inc., saying the bid for its 296 home-furnishing stores wasn't "attractive." The June 6 stock offer from Fort Worth-based Pier 1, initially worth $4 a share, was rejected unanimously by its board, Oakland-based Cost Plus said Monday. Pier 1 climbed 7.6% in New York trading after the news. Pier 1, the biggest U.S.
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.
May 21, 2004
* Cost Plus Inc. said first-quarter net income rose 29% on a 17% rise in sales, pushed by home furnishings and consumables. Net income was $3.30 million, or 15 cents a share, compared with $2.56 million, or 12 cents, a year earlier. Total sales rose to $185.7 million from $159.2 million as same-store sales climbed 3.4% after a 3% increase a year earlier.
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.
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.