Pier 1 Imports (PIR) Tops Q4 EPS by 2c; Sales Miss, Comps Fall 7.5%

Pier 1 Imports (NYSE: PIR) reported Q4 EPS of $0.21, $0.02 better than the analyst estimate of $0.19. Revenue for the quarter came in at $512.2 million versus the consensus estimate of $537.62 million.

• Net sales decreased 3.1% to $512.2 million, which includes approximately $27.5 million from the 14th week in the Company’s fiscal 2018 fourth quarter;
• Company comparable sales on a 13-week basis decreased 7.5%;
• E-Commerce sales penetration reached approximately 25%; and
• Earnings per share of $0.19 (GAAP) and adjusted earnings per share of $0.21 (non-GAAP), including an estimated benefit of approximately $0.04 per share from the 14th week in the Company’s fiscal 2018 fourth quarter.

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

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