Exhibit 99.2

COLDWATER CREEK INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited, in thousands except for per share data)

	Three Months Ended										12-Months Ended February 1, 2003
	May 4, 2002		August 3, 2002			November 2, 2002			February 1, 2003
Statements of Operations:
Net sales	$	106,241	$	92,144		$	128,830		$	174,239	$	501,454
Cost of sales		60,897		56,782			73,995			110,692		302,366
Gross profit		45,344		35,362			54,835			63,547		199,088
Selling, general and administrative expenses		42,959		38,819			46,943			57,358		186,079
Income (loss) from operations		2,385		(3,457	)		7,892			6,189		13,009
Interest, net, and other		8		45			(99	)		215		169
Income (loss) before income taxes		2,393		(3,412	)		7,793			6,404		13,178
Income tax provision (benefit)		979		(1,277	)		2,961			2,647		5,310
Net income (loss)	$	1,414	$	(2,135	)	$	4,832		$	3,757	$	7,868
Net income (loss) per share—Basic (a)	$	0.09	$	(0.13	)	$	0.30		$	0.24	$	0.50
Weighted average shares outstanding—Basic (a)		15,807		15,880			15,905			15,916		15,877
Net income (loss) per share—Diluted (a)	$	0.09	$	(0.13	)	$	0.30		$	0.23	$	0.49
Weighted average shares outstanding—Diluted (a) (b)		15,990		15,880			15,960			16,001		16,010
	Three Months Ended										12-Months Ended February 1, 2003
	May 4, 2002		August 3, 2002			November 2, 2002			February 1, 2003
Channel Net Sales:
Catalog	$	48,688	$	39,378		$	57,051		$	83,609	$	228,726
Internet		36,801		28,894			41,053			53,293		160,041
Retail		20,752		23,872			30,726			37,337		112,687

Note (a): The above weighted average shares outstanding and net income (loss) per share amounts reflect a 50% stock dividend having the effect of a 3-for-2 stock split declared by the Board of Directors on December 19, 2002.

Note (b): For the three months ended August 3, 2002, 209 potentially dilutive common shares were excluded from average shares because they were antidilutive.