Texas based home furnishing maker Pier 1 Imports Inc reported that sales for the four-week period ended August 27, 2005 aggregated $128,742,000, a decline of 8.3 percent from $140,423,000, and comparable store sales declined 12.4 percent.
Sales for the second quarter were $438,592,000, down 3.0 percent from last year's $452,271,000, and comparable store sales declined 7.7 percent. Year-to-date sales of $844,301,000 were down 4.5 percent from $884,298,000 last year, and comparable store sales declined 9.8 percent. The Company will report second quarter results on September 15 and its projection of ($0.12) to ($0.14) per share for the second quarter is unchanged.
Pier 1 Imports Inc is North America's largest specialty retailer of imported decorative home furnishings and gifts with Pier 1 Imports stores in 50 states, Puerto Rico, Canada, and Mexico; The Pier stores in the United Kingdom and Ireland; and Pier 1 kids stores.
marketing@alchempro.com
