Pier 1 shares sink as first-quarter profit falls 25%

Pier 1 shares sink as first-quarter profit falls 25%

Credit: Anthony92931 / Wikimedia

Pier 1 Imports

Print
Email
|

by STEVE KASKOVICH

Fort Worth Star-Telegram

Posted on June 19, 2014 at 11:50 AM

Shares of Fort Worth-based Pier 1 Imports declined by 10 percent in morning trading today after the company said its first-quarter profits sank by 25 percent despite higher sales.

Sales totaled $419.1 million, a 6.1 percent increase from a year ago, and comp-store sales — at stores open at least a year — increased 6.3 percent.

Continue reading from the Fort Worth Star-Telegram.

Print
Email
|