- Pier 1 Imports (PIR) outpaced most of the retail sector with comparable store sales growth of 6.9% in FQ3. The 3-year stack comparison was also impressive with 21.8% growth.
- The company's website accounted for over 4% of total sales during the period.
- Gross profit fell 50 bps to 43.4% of sales due to a "slightly" increased promotional atmosphere.
- Comparable store sales growth in FQ4 is expected to be in the mid single-digit range. (PR)
Solid sales growth at Pier 1 Imports
Dec 19 2013, 06:56 ET