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Financial results

By Furniture Today Staff -- Furniture Today, September 11, 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.
Sales	$41,327,621	$41,750,802	(1.0%)
Operating income	3,070,148	2,437,366	26.0%
Net income	(b)1,520,964	1,484,811	2.4%
Earnings per share	0.34	0.33	3.0%
52 weeks ended 7/2	2005	(a)2004	Change
Sales	$157,365,965	$148,940,674	5.7%
Operating income	7,766,371	7,159,602	8.5%
Net income	(b)3,080,272	3,734,931	(17.5%)
Earnings per share	0.68	0.83	(18.1%)

Williams-Sonoma
13 weeks ended 7/31	2005	2004	Change
Revenues	$776,239,000	$689,621,000	12.6%
Operating income	49,207,000	44,929,000	9.5%
Net income	30,823,000	27,629,000	11.6%
Earnings per share	0.26	0.23	13.0%
26 weeks ended 7/31	2005	2004	Change
Revenues	$1,496,927,000	$1,330,531,000	12.5%
Operating income	92,910,000	79,732,000	16.5%
Net income	56,996,000	49,019,000	16.3%
Earnings per share	0.48	0.41	17.1%

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