Pier 1 Imports Inc's
This was the fifth consecutive quarterly profit for the Fort Worth, Texas-based retailer after years of losses during the housing downturn and the recession.
The company, whose wares range from wicker chairs to wine glasses, said its net income fell to $21 million, or 18 cents a share, in the third quarter ended on November 27 from $38.8 million, or 37 cents a share, a year earlier.
Analysts on average were expecting a profit of 14 cents a share, according to Thomson Reuters I/B/E/S.
Pier 1, which saw increases in store traffic and average ticket, said sales rose about 8.2 percent to $353.8 million, above Wall Street's average estimate of $352.8 million. Sales at stores open at least a year rose 10.2 percent.
(Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)