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Pier 1 Nearly Doubles 1Q profit
June 15,
2011 by in UnCategorized 
By Aggregated Content in Financial Reports on June 16, 2011
from http://c.moreover.com/click/here.pl?z4852171940&z=1250249032
Pier 1 Imports nearly doubled its first-quarter profit, as the company increased sales and profit margins and leveraged expenses. We are very pleased with the results of our first quarter, Alex Smith, Pier 1s CEO, said in a release. We continue to see the strength and sustainability in all aspects of our business top-line sales growth, strong merchandise margins, prudent cost controls, operating margin improvement, a strong balance sheet and ongoing cash generation. Pier 1 reported a $14.1 million net profit for the three months ending May 28, or 12 cents per share of common stock, compared to
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