Pier 1 Imports (PIR) Tops Q4 EPS by 1c

Pier 1 Imports (NYSE: PIR) reported Q4 EPS of $0.34, $0.01 better than the analyst estimate of $0.33. Revenue for the quarter came in at $528.4 million versus the consensus estimate of $529.83 million.

Fiscal 2018 First Quarter and Full-Year Financial Guidance

Jeffrey N. Boyer, Executive Vice President and Chief Financial Officer, stated, “With our omni-channel capabilities firmly in place, we are focused on optimizing our new business model to maximize efficiency while reinvesting in customer-facing activities to drive sales. We entered the new fiscal year with a strong balance sheet and the financial flexibility to pursue our operating and growth plans, which include initiatives around merchandising, marketing, supply chain and real estate. In fiscal 2018 we expect to achieve low-single-digit company comparable sales growth and expand both gross and operating profits.”

The Company’s 2018 fiscal year will include 53 weeks of operating results. The Company’s full-year guidance for fiscal 2018 includes approximately $26 million of net sales and earnings of approximately $0.02 per share attributable to the 53rd week. Fiscal 2018 financial guidance is being provided on a 53-week basis with the exception of company comparable sales growth, which is being provided on a 52-week basis. The Company provided the following financial guidance for the fiscal 2018 first quarter and full year:

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Newton Golf Company (NWTG) Reports Q2 Loss of $0.49
• Star Equity Holdings (STRR) Misses Q2 EPS by 8c