Pier 1 Imports (PIR) Pre-Announces Q2 Same Store Sales Down 1.7%
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In a Form 8-K, Pier 1 Imports, Inc. (NYSE: PIR) announced today that it is participating in the Goldman Sachs Global Retailing Conference being held today at the Marriott Marquis in New York. Members of the management team are scheduled to give an update on the Company’s business, which will be web cast live beginning at approximately 2:15 p.m. eastern time.
Same store sales for Q2 came in at down 1.7%, in-line with Pier 1's previous guidance. Margins are expected to be about 49.3%, which is below the company's prior outlook of 51.3%.
Pier 1 Imports, Inc., together with its subsidiaries, operates as a specialty retailer of imported decorative home furnishings, gifts, and related items in the United States and Canada.
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