Pier 1 Imports (PIR) Tops Q4 EPS by 2c, Guides FY17 EPS Below Consensus
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Pier 1 Imports, Inc. Reports Fourth Quarter and Full-Year Fiscal 2016 Financial Results
April 13, 2016 4:16 PM EDTProvides Fiscal 2017 First Half and Full-Year Financial Guidance;
Declares Quarterly Cash Dividend
FORT WORTH, Texas--(BUSINESS WIRE)-- Pier 1 Imports, Inc. (NYSE: PIR) today reported financial results for the fourth quarter and fiscal year ended February 27, 2016.
Fiscal 2016 Highlights
Total sales increased 0.4% (1.4% on a constant currency basis); Company comparable sales rose 0.7% (1.7% on a constant currency basis); Achieved e-Commerce sales penetration of 16%; Reduced inventory levels by approximately 15%; Generated cash flow from operations of $164 million;... More