Pier 1 Q3 profit up, beats Street
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Fort Worth, Texas -- Pier 1 Imports Inc.'s third-quarter profit climbed 10% to $23 million from $21 million a year earlier, better than analysts expected. Revenue increased 8% to $382.7 million from $353.8 million, boosted by a higher average ticket and more traffic. Same-store sales were up 7%. The retailer also said Thursday that its sales so far in December are strong and that it expected the momentum to continue until Christmas. “Our strong product assortments, the right balance of regular and promotional pricing and a great store experience are driving robust sales and merchandise margin growth. December sales
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- People:
- Alex Smith
- Places:
- FORT WORTH, Texas
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