As a percentage of net sales, selling, general and administrative (SG&A) expenses for the first quarter of fiscal 2012 decreased 120 basis points to 30.4% compared to 31.6% for the first quarter of last year. The decrease in SG&A expenses as a percentage of net sales for the quarter was primarily due to increased leverage from higher sales.Net income from continuing operations for the first quarter of fiscal 2012 was $129,000, or $0.01 per diluted share, compared to a net loss from continuing operations of $3.0 million, or $0.14 per diluted share, for the first quarter of last year.
Cost Plus, Inc. Reports First Quarter Fiscal 2012 Results And Provides Outlook For The Second Quarter Fiscal 2012
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