Pier 1 Reports 10.8% Surge In FQ2 Comparable-Store Sales

Pier 1 Imports Inc PIR reported a 10.8% rise in its comparable-store sales for the fiscal second-quarter. Pier 1's quarterly total sales climbed 9.7% to $340 million. It projects FQ2 earnings of $0.14 per share, versus analysts' estimates of $0.13 per share. Pier 1 shares gained 1.17% to $10.81 in after-hours trading.