UPDATE: Pier 1 Imports (PIR) Misses Q3 EPS by 2c, Comps Decline 0.7%

(Update corrects adjusted EPS to $0.09)

Pier 1 Imports (NYSE: PIR) reported Q3 EPS of $0.09, $0.02 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $469.2 million versus the consensus estimate of $466.69 million.

Company comparable sales decreased 0.7% and reflect an estimated impact of approximately 100 basis points related to the hurricanes in Texas and Florida;

GUIDANCE:

Pier 1 Imports sees Q4 2018 EPS of $0.16-$0.24 vs consensus of $0.38

• Comparable sales growth % (52 weeks): (3.5%) to (1.5%)

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

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