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Pier 1 Q3 profit rises 3%
Fort Worth, Texas -- Pier 1 Imports reported Thursday that net income for the third quarter rose 3% to $23.7 million, compared with $23 million in the year-ago period. Results matched Wall Street expectations.
Revenue rose 11% to $424.5 million from $382.7 million, beating analysts’ expectations of $422.2 million in revenue. Same-store sales increased 7.9%. -
Restoration Hardware swings to profit in Q3
Corte Madera, Calif. -- Restoration Hardware Holdings Inc. reported Wednesday net income for the third quarter of $1.7 million, compared with a loss of $4.8 million in the year-ago period.
Revenue rose 22% to $284.2 million and same-store sales surged 29%.
The home furnishings retailer went public in November.