Pier 1 Sales Up 10% in Q1

June 1, 2011  by in UnCategorized   

By Aggregated Content in Financial Reports on June 2, 2011 from http://c.moreover.com/click/here.pl?z4800007070&z=1250249030 Pier 1 Imports Inc. said Thursday that revenue at stores open at least a year rose 10.2 percent in the first quarter, helped by better traffic, more purchases being made and a higher average receipt. The home dcor retailer also gave a first-quarter earnings forecast above Wall Street's expectations. Pier 1 said it had a 14.3 percent increase in revenue at stores open at least a year in the year-ago period. Revenue at stores open at least a year is a key gauge of a retailer's health because it excludes results from stores opened or closed during the year.

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