pier 1 imports
Pier 1 Imports Inc. said Thursday that revenue at stores open at least a year rose 10.2 percent in the first quarter.
Fiscal fourth-quarter net income for Pier 1 Imports surged 65 percent, buoyed by improving sales.
Pier 1 Imports saw revenue at stores rise 8.9 percent in the fourth quarter, helped in part by more customers.
On November 9, the company predicted that revenue would rise 8 percent to 10 percent for its third quarter.
Pier 1 Imports is optimistic about the holiday season but projects that a key third-quarter revenue metric will grow at a slower pace.
Alexander W Smith, President and CEO, Pier 1 Imports, Inc. (NYSE:PIR) reports on the successful turnaround of PIR.