CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
Two Great Apps: CBS DFW Weather App: iPhone App Store | Android App Coming Oct | Download
                                   CBS Local App: The Latest From CBS DFW On Your Device | iOS & Android | Download
                                   -Including Breaking News Notifications, Audio and Video from CBS DFW

Local

Pier 1 Imports Tops Q4 Revenue Expectations

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

186152214 Pier 1 Imports Tops Q4 Revenue ExpectationsJIM GAFFIGAN, "My kids have never eaten Hot Pockets

181572784 8 Pier 1 Imports Tops Q4 Revenue ExpectationsFunny Faced Cheerleaders

 alt=Musicians Then And Now

455079896 Pier 1 Imports Tops Q4 Revenue ExpectationsWATCH: Iggy Azalea & JLO's Booty Battle

 alt=Remembering Jimi Hendrix 44 Years Later

cowb thumb Pier 1 Imports Tops Q4 Revenue ExpectationsCowboys Cheerleaders

FORT WORTH (AP) - Pier 1 Imports Inc. reported fiscal fourth-quarter revenue on Thursday that beat Wall Street’s expectations, while revenue at stores open at least a year rose 10.3 percent.

Fort Worth-based Pier 1 Imports says total revenue for the quarter that ended Feb. 25 increased 11.8 percent to $477 million.

Analysts surveyed by FactSet predicted $469.3 million.

The home decor company anticipates quarterly earnings of 47cents to 48 cents per share, before an expected tax benefit.

Wall Street analysts expect earnings of 47 cents per share.

Pier 1 said total revenue for the fiscal year ended Feb. 25 climbed 9.8 percent to $1.53 billion. Revenue at stores open at least a year rose 9.5 percent.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out:

View Comments