CompUSA Reports Disappointing Sales; Young & Rubicam to Join S&P 500

CompUSA (CPU Quote) said second-quarter net sales fell 21% to $1.38 billion from $1.75 billion, while same-store sales fell 1.8% from a year ago. The company said a less promotional approach to selling computers hurt sales for the quarter ended Dec. 25, though CompUSA expects to report that profit margins set a new high of 16% as the company broadened its product assortment beyond personal computers. CompUSA said it plans to announce second-quarter operating results Feb. 2.

---

Standard & Poor's said it will add Young & Rubicam (YNR Quote) to the S&P 500 after the close of trading next Wednesday. S&P said the advertising agency will take the place of General Instrument (GIC Quote), which is being acquired by Motorola (MOT Quote).

Additionally, F.Y.I. (FYII Quote) will replace T J International (TJCO Quote) in the S&P SmallCap 600 index. Weyerhaeuser (WY Quote) is buying T J in a transaction expected to close next Wednesday.

After-Hours Trading

...