Pier 1 1Q Profit up 26%

June 13, 2012  by in UnCategorized   

By Aggregated Content in Furniture Retailing on June 14, 2012 from http://www.marketwatch.com/story/pier-1-1st-quarter-profit-up-26-outlook-higher-2012-06-14

Pier 1 Imports Inc.'s fiscal first-quarter earnings rose 26 percent as the home-furnishings retailer's strong sales growth helped to improve margins.

The company also raised its full-year earnings guidance by 2 cents to a range between $1.08 and $1.14. Pier 1 has made a turnaround since the recession, when it teetered on the brink of bankruptcy, struggled with declining sales and lost market share to discount retailers like Target Corp. 

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