As a percentage of net sales, selling, general and administrative (SG&A) expenses for the fourth quarter of fiscal 2011 decreased 80 basis points to 22.6% compared to 23.4% for the fourth quarter last year. As a percentage of net sales, SG&A expenses for fiscal 2011 also decreased 80 basis points to 28.8% compared to 29.6% last year. The decrease in SG&A expenses as a percentage of net sales for the quarter and the year was primarily due to increased leverage from higher sales.Net income from continuing operations for the fourth quarter of fiscal 2011 was $36.8 million, or $1.56 per diluted share, compared to net income from continuing operations of $28.8 million, or $1.24 per diluted share, for the fourth quarter of fiscal 2010. Net income from continuing operations for fiscal 2011 was $17.7 million, or $0.76 per diluted share, compared to net income from continuing operations of $4.7 million, or $0.21 per diluted share, last year.
Cost Plus, Inc. Reports Fourth Quarter And Fiscal 2011 Results And Provides Outlook For The First Quarter And Full Year Fiscal 2012
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