Local

Pier 1 Imports Tops Q4 Revenue Estimates

From Our CBS Music Web Sites

453641528 10 Pier 1 Imports Tops Q4 Revenue EstimatesAdorbale Baby Animals To Put A Smile On Your Face

christmas on kluv dl Pier 1 Imports Tops Q4 Revenue EstimatesListen To Christmas Music

176461204 10 Pier 1 Imports Tops Q4 Revenue EstimatesWomen With Santa

 alt=Musicians Then And Now II

452359780 10 Pier 1 Imports Tops Q4 Revenue EstimatesMissing Summer?

sx Pier 1 Imports Tops Q4 Revenue Estimates Victoria's Secret Fashion Show

FORT WORTH (AP) - Pier 1 Imports’ fiscal fourth-quarter revenue topped Wall Street’s view but the home decor company provided a forecast for adjusted earnings that was slightly below analysts’ estimates.

Pier 1 Imports Inc. said Thursday that its revenue climbed 16 percent to $552 million for the period ended March 2. Analysts polled by FactSet expected revenue of $547 million.

Fourth-quarter adjusted earnings are predicted in a range of approximately 59 cents to 60 cents per share. Wall Street expects 61 cents per share.

Revenue at stores open at least a year, a key gauge of a retailer’s health, climbed 7.9 percent in the quarter. This figure excludes results from stores recently opened or closed.

The Fort Worth, Texas-based chain said that the performance was helped by more traffic and an increase in the average customer receipt.

For the fiscal year, revenue rose 11 percent to $1.71 billion. Revenue at stores open at least a year increased 7.5 percent.

Pier 1 will report its final financial results for the fourth quarter and full year on April 11.

Pier 1 shares finished at $23.24 per share on Wednesday.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out:

MOST VIEWED GALLERIES