Pier 1 Imports (PIR) Prelim. Q2 Loss Wider than Expected

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Go back to Pier 1 Imports (PIR) Prelim. Q2 Loss Wider than Expected

Pier 1 Imports, Inc. Reports Preliminary Second Quarter Fiscal 2017 Sales and Earnings Per Share

September 7, 2016 5:01 PM EDT

FORT WORTH, Texas--(BUSINESS WIRE)-- Pier 1 Imports, Inc. (NYSE: PIR) today 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 range of ($0.06) to ($0.05), excluding one-time items, if any, related to the planned... More