Cost Plus, Inc. Reports Q3 EPS of $(0.38)

Cost Plus, Inc. CPWM today announced financial results for its third quarter ended October 30, 2010 and provided financial guidance for the fourth quarter of fiscal 2010.

Third Quarter 2010 versus Third Quarter 2009 Highlights:

• Same store sales increased 8.8%
• Customer count increased 11.9% and average ticket decreased 2.8%
• Gross profit as a percentage of net sales increased 540 basis points to 30.7%
• EBIT loss from continuing operations was $4.8 million, a $14.6 million improvement
• Net loss was $8.3 million, a $13.7 million improvement
• Non-GAAP EBITDA from continuing operations, as adjusted, was $0.5 million, a $13.0 million improvement 
• EPS $(0.38)