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Increased ticket, traffic drives up Pier 1 comps
FORT WORTH, Texas -- Pier 1 Imports reported significant gains in fourth-quarter and full-year comps due to increases in average ticket, conversion and traffic.
The company reported that comparable-store sales for the fourth quarter ended Feb. 26 increased 8.9% compared with last year’s comparable-store sales increase of 6.5% for the fourth quarter ended Feb. 27, 2010. Total sales for the quarter improved to $427 million compared with $396 million in the year-ago quarter. -
Inflation, higher fuel prices to drive 2011 grocer gains
CINCINNATI — Kroger on Thursday beat analysts’ quarterly consensus, posting 46 cents in earnings per share (adjusted for a goodwill impairment charge) that exceeded consensus by 2 cents EPS with higher-than-expected identical-store sales lift of 3.8% (excluding fuel).
Same-store sales were particularly strong across natural food, bakery and deli/meat, Kroger chairman and CEO David Dillion told analysts during a conference call. “We were particularly pleased by sales growth in our drug and merchandise departments,” Dillon said.