By Furniture Today Staff -- Furniture Today, September 12, 2005
Earnings per share are fully diluted, and all figures in parentheses are losses or declines.
Cost Plus World Market
Quarter ended 7/30
2005
(a)2004
Change
(a) Restated.
Sales
$202,766,000
$189,500,000
7.0%
Operating income
6,069,000
8,130,000
(25.4%)
Net income
1,518,000
3,346,000
(54.6%)
Earnings per share
0.07
0.15
(53.3%)
6 months ended 7/30
2005
(a)2004
Change
Sales
$402,789,000
$375,203,000
7.4%
Operating income
7,631,000
15,906,000
(52.0%)
Net income
1,380,000
6,519,000
(78.8%)
Earnings per share
0.06
0.29
(79.3%)
Design Within Reach
13 weeks ended 7/2
2005
2004
Change
(a) Includes pretax charges for stock-based compensation of $149,000 in the 2005 13 weeks, $149,000 in the 2004 13 weeks, $304,000 in the 2005 26 weeks and $225,000 in the 2004 26 weeks. The 2004 26 weeks also includes a $198,000 pretax charge for facility relocation costs. (b) Based on average shares outstanding of 14.8 million in the 2005 periods, 11.7 million in the 2004 13 weeks and 11.5 million in the 2004 26 weeks.
Sales
$41,918,000
$28,223,000
48.5%
Operating income
3,570,000
2,225,000
60.4%
Net income (a)
1,372,000
806,000
70.2%
Earnings per share (b)
0.09
0.07
28.6%
26 weeks ended 7/2
2005
2004
Change
Sales
$77,383,000
$50,735,000
52.5%
Operating income
6,125,000
3,920,000
56.3%
Net income (a)
2,256,000
1,308,000
72.5%
Earnings per share (b)
0.15
0.11
36.4%
CFC International
Quarter ended 6/30
2005
2004
Change
(a) Includes rental income of $35,000 in the 2005 quarter, $40,000 in the 2004 quarter, $68,000 in the 2005 six months and $68,000 in the 2004 six months. (b) Based on average shares outstanding of 4.6 million in the 2005 periods and 4.5 million in the 2004 periods.
Sales
$22,228,000
$19,355,000
14.8%
Operating income
3,129,000
1,873,000
67.1%
Net income (a)
498,000
567,000
(12.2%)
Earnings per share (b)
0.11
0.13
(15.4%)
6 months ended 6/30
2005
2004
Change
Sales
$45,216,000
$40,179,000
12.5%
Operating income
7,088,000
5,239,000
35.3%
Net income (a)
1,998,000
1,722,000
16.0%
Earnings per share (b)
0.43
0.39
10.3%
Easyhome(a)
Quarter ended 6/30
2005
2004
Change
(a) In Canadian dollars. (b) Includes non-rental revenues of C$4.2 million in the 2005 quarter, C$3.4 million in the 2004 quarter, C$8.1 million in the 2005 six months and C$6.6 million in the 2004 six months. (c) Revenues minus salaries and benefits, selling, general and administrative expenses, occupancy costs, automotive and travel and amortization of rental assets. (d) Includes a C$3.6 million pretax charge in both periods for a class action settlement provision. The 2005 quarter also includes a C$59,000 income tax benefit.
Revenues (b)
C$25,826,000
C$21,618,000
19.5%
Operating income (c)
3,861,000
2,582,000
49.5%
Net income
(d)(96,000)
1,369,000
—
Earnings per share
(0.01)
0.14
—
6 months ended 6/30
2005
2004
Change
Revenues (b)
C$49,817,000
C$42,500,000
17.2%
Operating income (c)
7,012,000
5,458,000
28.5%
Net income
(d)1,593,000
2,908,000
(45.2%)
Earnings per share
0.15
0.29
(48.3%)
Knape & Vogt
13 weeks ended 7/2
2005
(a)2004
Change
(a) The 2004 periods are 14 weeks and 53 weeks. (b) Includes pretax impairment and restructuring charges of $287,547 in the 2005 13 weeks and $2.3 million in the 2005 52 weeks.
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