Pier 1 Imports, Inc. (NYSE:PIR) today reported sales results for the first quarter ended May 26, 2012. First Quarter Highlights
- Comparable store sales increased 7.2% on top of last year’s 10.2% gain; three-year cumulative comparable store sales increased 31.7%
- Gross profit expected to be approximately 41.6% of sales versus 40.1% of sales last year
- Earnings per share expected to be approximately $0.16 versus $0.12 per share last year
Pier 1 Imports, Inc. is the original global importer of imported decorative home furnishings and gifts. Information about the Company is available on www.pier1.com.