Pier 1 Q1 comps up 10.2%

FORT WORTH, Texas — Pier 1 Imports reported that comparable-store sales for the first quarter ended May 28increased 10.2% versus last year’s increase of 14.3%.Total sales for the quarter improved to $335 million compared to $306 million in the year-ago quarter.

The comparable store sales increases for the first quarter were driven by increases in traffic, conversion rate and average ticket, the company reported.

The company said it expects first-quarter earnings per share to be 11 cents to 12 cents.