Pier 1 Imports (PIR) Misses Q4 EPS by 63c

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Pier 1 Imports, Inc. Reports Fourth Quarter and Full Year Fiscal 2019 Financial Results

April 17, 2019 4:15 PM EDT

Provides Update on Fiscal 2020 Action Plans and Expense Reduction Initiatives

FORT WORTH, Texas--(BUSINESS WIRE)-- Pier 1 Imports, Inc. (NYSE: PIR) today reported financial results for the 13-week fourth quarter and 52-week full year ended March 2, 2019. Except where indicated, year-over-year comparisons reflect the 14-week fourth quarter and 53-week full year of fiscal 2018 ended March 3, 2018.

Fourth Quarter Fiscal 2019 Financial Summary

Company comparable sales decreased 13.7% compared to the 13-week period of fiscal 2018; the Company estimates that the shift of certain holiday selling days, which were not included... More