Pier 1 Imports (PIR) Misses Q4 EPS by 63c

Pier 1 Imports (NYSE: PIR) reported Q4 EPS of ($0.85), $0.63 worse than the analyst estimate of ($0.22). Revenue for the quarter came in at $412.5 million versus the consensus estimate of $426.12 million.

Company comparable sales decreased 13.7% compared to the 13-week period of fiscal 2018; the Company estimates that the shift of certain holiday selling days, which were not included in this year’s fiscal fourth quarter, negatively impacted fourth quarter fiscal 2019 company comparable sales by approximately 750 basis points.

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

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