Pier 1 Imports (PIR) Tops Q3 EPS by 10c; Guides Above the Street

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Go back to Pier 1 Imports (PIR) Tops Q3 EPS by 10c; Guides Above the Street

Pier 1 Imports, Inc. Reports Third Quarter Fiscal 2017 Financial Results

December 14, 2016 4:15 PM EST

Raises 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 third quarter ended November 26, 2016.

Third Quarter Financial Highlights

Company comparable sales increased 1.8%; Net sales decreased 0.4%; E-Commerce sales grew approximately 28% to $97.4 million, representing approximately 20% of net sales; Gross profit as a percentage of net sales increased 280 basis points to 41.3%; and... More