Posted on Tuesday, October 5th, 2010 at 7:23 pm.
Pier 1 Imports, headquartered in Fort Worth, Texas, announced their second quarter financial results that ended on August 28, 2010.
A few highlights that were found was a store growth of 11.2 percent which is up from last year’s decline of 7.6 percent. Also, gross profit has increased from 28.5 percent to 36.9 percent. The net income for the quarter came out to $14.4 million.
The inventory levels in the stores went along with the managers’ plans and they successfully managed their inventory purchases to match the consumer demand.
If you are looking for help with your business’ financial needs, contact the Austin Accountants for any questions you may have regarding the financial side of your company.