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Pier 1 Q4 revenue tops expectations
Fort Worth, Texas -- Pier 1 Imports Inc. said that its total revenue for the fourth quarter, ended Feb. 25, increased a better-than-expected 11.8% to $477 million. Same-store sales rose 10.3%.
The chain said total revenue for the fiscal year ended Feb. 25 climbed 9.8% to $1.53 billion.
The home décor retailer is upbeat about its first-quarter prospects.
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Ascena Retail Group Q2 profit up 50%; opening 125 stores in fiscal 2012
Suffern, N.Y. -- Ascenta Retail Group Inc., whose brands include Dressbarn, Maurices, and Justice, said its fiscal second-quarter profit rose 50% on higher sales. The company raised its earnings forecast for the current fiscal year.
Ascena said that during the quarter ended Jan. 28 it earned $63.7 million, compared with $42.5 million in the same period a year before.
Revenue during the quarter rose 15% to $862 million. E-commerce sales jumped 61% to $52 million in the quarter.