Pier 1 Imports Reports Strong Q3 Comp Store Sales Growth

 

Pier 1 Imports reported that comparable store sales for the third quarter increased 13.7% with total sales for the quarter $327 million, up from sales of $301 million for the same quarter the previous year.

“Comp store sales strengthened throughout the quarter culminating in a very strong Thanksgiving weekend,” said Alex W. Smith, president/CEO. “Sales were driven by improvements in traffic, average ticket, and conversion rate. Merchandise margins for the quarter continued to show significant year over year improvements due to strong input margins and lower markdown activity.”