Pier 1 Imports (PIR) Misses Q1 EPS by 2c; Trims FY16 EPS Outlook
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Pier 1 Imports, Inc. Reports First Quarter Fiscal 2017 Financial Results
June 29, 2016 4:16 PM EDTDeclares Quarterly Cash Dividend
Updates Financial Guidance
FORT WORTH, Texas--(BUSINESS WIRE)-- Pier 1 Imports, Inc. (NYSE: PIR) today reported financial results for the first quarter ended May 28, 2016.
Alex W. Smith, President and CEO, stated, Our first quarter sales were not as strong as we would have liked. Although many of our merchandise categories performed satisfactorily, outdoor furniture was affected by internal and external pressures, including competitive pricing. At the same time, the headwind of a challenging store traffic environment remains.
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