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Pier 1 Q1 same-store sales up 7.2%

FORT WORTH, Texas -- Pier 1 reported that same-store sales rose 7.2% in the first quarter, helped by strong holiday assortments. First-quarter revenue was up 8% to $361 million, beating Wall Street's estimate of $360.7 million.

President and CEO Alex Smith said Thursday that the shoppers have been buying the retailer's Easter, spring, Mother's Day and Memorial Day products.

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