CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header

Local

Pier 1 Imports Reports Rising Q2 Profits

Get Breaking News First

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

From Our CBS Music Web Sites

kluvs super 70s weekend voting 1979 dl Pier 1 Imports Reports Rising Q2 ProfitsPick The Best Song From 1979

115245513 8 Pier 1 Imports Reports Rising Q2 ProfitsCrush Of The Day: Mila Kunis

80219448 Pier 1 Imports Reports Rising Q2 ProfitsViral Video: Hilarious Southwest Safety Announcement

155742164 Pier 1 Imports Reports Rising Q2 ProfitsPick Your Favorite Victoria Secret Model

Featured Items

Fantasy_tileHottest Olympians

pet_tileYour Pet Photos

weather_tileSend Us Your Weather Photos

FORT WORTH (AP) - More people shopped at Pier 1 Imports and they spent more on average, driving the home decor company’s fiscal second-quarter net income 58 percent higher.

The Fort Worth-based company on Thursday raised its fiscal 2013 adjusted earnings forecast for a second time.

For the three months ended Aug. 25, the company reported net income rose to $26.2 million, or 24 cents per share, up from $16.6 million, or 14 cents per share, a year earlier.

Stripping out a reversal of accrued interest, earnings were 19 cents per share.

Revenue increased 8 percent to $367.6 million from $339.6 million.

Pier 1 Imports now foresees fiscal 2013 adjusted earnings in a range of $1.10 to $1.16 per share. In June it upped the outlook to $1.08 to $1.14 per share.

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 This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out: