Pier 1 Imports (PIR) Reports In-Line Q3 EPS, Reiterates FY15 Guidance

Pier 1 Imports (NYSE: PIR) reported Q3 EPS of $0.20, in-line with the analyst estimate of $0.20. Revenue for the quarter came in at $484.5 million versus the consensus estimate of $488 million. Comps increased 2.5%.

Fiscal 2015 Financial Guidance

The Company reiterated its financial guidance for fiscal year 2015:

• Company comparable sales growth, which includes e-Commerce, in the mid- to high-single digits;
• Gross profit, as a percentage of sales, of 40.5% to 41.5%;
• Selling, general and administrative expenses relatively flat, as a percentage of sales, compared to fiscal 2014;
• EBITDA, as a percentage of sales, of approximately 11%;
• Net interest expense of approximately $10 million; and
• Earnings per diluted share in the range of $0.95 to $1.05.

For earnings history and earnings-related data on Pier 1 Imports (PIR) click here.

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