Pier 1 Imports (PIR) Misses Q2 EPS by 3c; Guides Q3, FY16 EPS Below Consensus

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Go back to Pier 1 Imports (PIR) Misses Q2 EPS by 3c; Guides Q3, FY16 EPS Below Consensus

Pier 1 Imports, Inc. Reports Second Quarter Fiscal Year 2016 Financial Results

September 24, 2015 4:05 PM EDT

Revises Fiscal Year 2016 Financial Guidance

Declares Quarterly Cash Dividend

FORT WORTH, Texas--(BUSINESS WIRE)-- Pier 1 Imports, Inc. (NYSE: PIR) today reported financial results for the second quarter ended August 29, 2015.

Second Quarter Fiscal 2016 Key Metrics

Total sales increased 2.7% (4.0% on a constant currency basis) to $430.0 million, compared to $418.6 million in the second quarter of fiscal 2015. Company comparable sales increased 2.5% (3.8% on a constant currency basis); Gross profit decreased to $149.5 million, from $162.6 million during... More