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Pier 1 Imports Reports Strong Q4 Sales, Comp

Driven by increases in store traffic and higher average ticket, Pier 1 Imports Inc. reported strong comp and total sales results for its fourth quarter, ended Feb. 25.
     On a 13-week comparative basis, comps grew 7.9%. Total sales for the 14-week fourth quarter improved 15.7% to $552 million.
     Full fiscal year results included: a 7.5% improvement in comps on a 52-week basis, and an 11.2% jump in total sales to $1.705 billion.
     The company will report complete results April 11.

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