Pier 1 1Q Same-Store Sales Up

May 30, 2012  by in UnCategorized   

By Aggregated Content in Furniture Retailing on May 31, 2012 from http://www.cnbc.com/id/47628417

Pier 1 reported that revenue at stores open at least a year climbed 7.2 percent in the first quarter, helped by strong holiday assortments.

Its total revenue for the period topped Wall Street expectations. It's a key gauge of a retailer's health because it excludes volatility from stores recently opened or closed.

First-quarter revenue increased 8 percent to $361 million, beating Wall Street's estimate of $360.7 million.

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