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Pier 1 sales up in Q1, expects earnings growth
FORT WORTH, Texas — Pier 1 Imports reported that sales for its first quarter ended May 26 increased 7.9% to $361 million from $335 million in the year-ago quarter. Comparable-store sales for the quarter were up 7.2%.
For the first quarter, the company is expecting earnings per share are expected to be approximately 16 cents versus last year’s first quarter earnings of 12 cents per share.