Pier 1 Imports, Inc. Reports Third Quarter Financial Results
FORT WORTH, Texas–(BUSINESS WIRE)–Pier 1 Imports, Inc. (NYSE:PIR) today reported financial results for the third quarter ended November 28, 2009. Third Quarter Highlights Comparable store sales of 13.7% Merchandise margin improved to 56.6% Gross profit increased to 36.6% Operating income of $3 million compared to an operating loss of $35 million last year Income tax refund of $56 million expected during the fourth quarter Net income of $39 million or $0.37 per share Strong balance sheet follow
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Pier 1 Imports, Inc. Reports Third Quarter Financial Results
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