Form 8-K PIER 1 IMPORTS INC/DE For: Jun 23

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Go back to Form 8-K PIER 1 IMPORTS INC/DE For: Jun 23

BTIG Affirms Pier 1 (PIR) at 'Neutral' Following Q1 Results; Remains Cautious Over Near-Term Time Frame

June 30, 2016 7:25 AM EDT

BTIG affirms Pier 1 Imports (NYSE: PIR) with a Neutral rating following Q1 results and lowered outlook issued late Wednesday.

Analyst Alan Rifkin offered the following commentary on Thursday: Our former FY2016 EPS estimate of $0.39 was below previous guidance of $0.42 - $0.50 and a... More

Pier 1 Imports (PIR) Misses Q1 EPS by 2c; Trims FY16 EPS Outlook

June 29, 2016 4:19 PM EDT

Pier 1 Imports (NYSE: PIR) reported Q1 EPS of ($0.07), $0.02 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $418.4 million versus the consensus estimate of $420.05 million.

Company comparable sales decreased 2.5% (a 2.2% decrease on a constant currency basis). E-Commerce represented... More