Pier 1 Imports (PIR) Misses Q2 EPS by 2c

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Pier 1 Imports, Inc. Reports Second Quarter Fiscal 2019 Financial Results

October 3, 2018 4:15 PM EDT

FORT WORTH, Texas--(BUSINESS WIRE)-- Pier 1 Imports, Inc. (NYSE: PIR) today reported financial results for the second quarter ended September 1, 2018.

Second Quarter Fiscal 2019 Summary

Company comparable sales decreased 11.4% compared to the second quarter of fiscal 2018; Net sales decreased 12.8% to $355.3 million compared to the second quarter of fiscal 2018; Net loss of $51.1 million, or ($0.63) per share, and EBITDA (earnings before interest, taxes, depreciation and amortization) of ($49.3) million; Inventory down 15.4% from the second quarter of fiscal 2018;... More