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Article: Pier 1's profits vanish.(Pier 1 Imports Inc. )
- Article from:
- Home Textiles Today
- Article date:
- September 19, 2005
- Author:
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Fort Worth, Texas -- Shelling out more than it's taking in at the register, putting its margins into freefall, with same-store sales declining by almost eight percent, Pier 1 Imports Inc. recorded a second quarter loss of $10.2 million, reversing a prior-year profit of $10.5 million.
Taking a bite out of the bottom line, same-store sales continued their downward slide, falling 7.7 percent. But helped by new store opening, overall sales declined at a slower pace of 3 percent, to $438.6 million from $452.3 million last year.
Doing even more damage to the bottom line, average gross margin skidded down 590 basis points, or 5.9 percentage points, to 31.5 percent from 37.4 ...
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Article: Dollar general up 19 percent.(Business Today)(Company sales and earnings)
Home Textiles Today;
August 30, 2004 ;
318 words
......or nine-tenths of a percentage point, to 23.4 percent from 22.5 percent last year. With higher costs offsetting wider margins and stronger sales, operating profit rose 6.2 percent, to $108.1 million from $101.8 million a year ago...the company's income tax rate was reduced to 31.5 percent ...
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