Pier 1 Imports (PIR) Misses Q1 EPS by 2c; Trims FY16 EPS Outlook

Pier 1 Imports (NYSE: PIR) reported Q1 EPS of ($0.07), $0.02 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $418.4 million versus the consensus estimate of $420.05 million.

Company comparable sales decreased 2.5% (a 2.2% decrease on a constant currency basis). E-Commerce represented approximately 19% of net sales in the first quarter, as compared to approximately 17% of net sales in the first quarter of fiscal 2016.

GUIDANCE:

Pier 1 Imports sees Q2 2017 EPS of ($0.06)-$0.00, versus the consensus of $0.00.

Pier 1 Imports sees FY2017 EPS of $0.32-$0.40, versus the consensus of $0.44.

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

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