Home furnishings retailer Pier 1 Imports (NYSE:PIR) reported second quarter earnings today that rose to $16.6 million, or $0.14 per share, compared to $14.4 million, or $0.12 per share, in last yearís second quarter. Revenue rose 9.6%, to $339.6 million, on same-store sales growth of 10.8%. Per-share results met analyst estimates, and revenue was just ahead of expectations.
Ascena Retail Group (NASDAQ:ASNA) said late yesterday its fiscal fourth quarter profits fell to $28.2 million, o $0.35 per share, from $42 million, or $0.52 per share, in the same quarter last year. Adjusted earnings of $0.48 per share came up short of analyst forecasts. Revenue was up 2%, to $725.8 million, and would have been up 11% adjusted for the extra week in last yearís fourth quarter. Same-store sales rose 7% over all. Same-store sales rose 4% at the companyís Dressbarn stores, 3% at Maurices and 14% at Justice. Ascena is looking for earnings per share of $2.55 to $2.65 in the 2012 fiscal year, below analyst forecasts at the low end.
Also late yesterday, auto parts retailer and service provider Pep Boys (NYSE:PBY) said independent director Robert Hotz was appointed chairman of the board of directors. Hotz has been a Pep Boys board member since 2005, is a head of investment banking at Houlihan Lokey Howard & Zukin, and also serves as a director of Universal Health Services (NYSE:UHS). Former chairman Max Lukens resigned for personal reasons.
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