Raymond James Downgrades Pier 1 Imports (PIR) to Market Perform
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Jefferies Cuts Price Target on Pier 1 Imports (PIR) Following 2Q Pre-Announcement
September 8, 2016 7:53 AM EDTJefferies maintained a Hold rating on Pier 1 Imports (NYSE: PIR), and cut the price target to $4.25 (from $5.25), following the company's 2Q pre-announcement. Management pre-announced a Q2 comp and EPS miss, now expecting same store sales to be down 4.3% compared to the Street... More
Pier 1 Imports (PIR) Prelim. Q2 Loss Wider than Expected
September 7, 2016 5:02 PM EDTPier 1 Imports, Inc. (NYSE: PIR) announced preliminary sales and earnings per share data for the second quarter ended August 27, 2016.
Net sales for the second quarter decreased by approximately 6.7% compared to the same period a year ago. E-Commerce sales represented approximately 20% of net sales in the second quarter. Company comparable sales, which include e-Commerce, decreased approximately 4.3% compared to the same period a year ago. Second quarter loss per share is expected to be in the... More
