April 18, 2018 / 8:24 PM / 3 months ago

BRIEF-Pier 1 Imports Q4 adjusted non-GAAP earnings per share $0.21

April 18 (Reuters) - Pier 1 Imports Inc:

* PIER 1 IMPORTS, INC. REPORTS FOURTH QUARTER AND FULL YEAR FISCAL 2018 FINANCIAL RESULTS

* Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.21

* Q4 GAAP EARNINGS PER SHARE $0.19

* Q4 SALES $512.2 MILLION VERSUS I/B/E/S VIEW $537.5 MILLION

* Q4 EARNINGS PER SHARE VIEW $0.20 — THOMSON REUTERS I/B/E/S

* INVENTORIES AT END OF FISCAL 2018 DECREASED 13.4% TO $347.4 MILLION, COMPARED TO $401.0 MILLION A YEAR AGO

* BOARD OF DIRECTORS HAS DETERMINED TO DISCONTINUE COMMON STOCK DIVIDEND

* PIER 1 IMPORTS - DISCONTINUING QTRLY CASH DIVIDEND OF $0.07/SHARE EXPECTED TO CONTRIBUTE ABOUT $22 MILLION OF INCREMENTAL CASH FLOW IN FISCAL 2019

* COMPANY COMPARABLE SALES ON A 13-WEEK BASIS DECREASED 7.5% Source text for Eikon: Further company coverage:

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