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Cost Plus World Markets entered Florida in its fourth quarter ended Jan. 31, as the Oakland, Calif.-based retailer continues its East Coast expansion. Cost Plus surpassed 200 stores, adding 10 units to finish fiscal 2003 with 204.
For the year, Cost Plus net income was $33 million, or $1.48 per diluted share, versus $28.4 million, or $1.28 in the year earlier. Fiscal 2003 net sales were $801.6 million, a 15.8% advance year-over-year, with comp-store sales increasing 2.7%.
Joan Storms, a Wedbush Morgan analyst, found results good but …