Alex W. Smith, the Company's President and Chief Executive Officer, said, “Earlier this year, we outlined six key business priorities aimed at returning Pier 1 Imports to profitability and beyond."
"As planned, our results for the first quarter reflect the impact of charges that are a direct result of the speed with which we are executing our strategy. I look forward to conference call and updating you on our progress.”
The Company will host a conference call to discuss the 2008 first quarter results at 10:00 a.m. Central Time.