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Pier 1 Imports Inc (PIR.N)

PIR.N on New York Stock Exchange

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14 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Pier 1 Imports Says Proposed Tariff Not Expected To Materially Affect FY 2019 Financial Results
Wednesday, 25 Jul 2018 

July 24 (Reuters) - Pier 1 Imports Inc ::PIER 1 IMPORTS, INC. COMMENTS ON PROPOSED TARIFF.PIER 1 IMPORTS INC - COMPANY DOES NOT EXPECT FINANCIAL RESULTS IN FISCAL 2019 TO BE MATERIALLY AFFECTED BY PROPOSED TARIFF.PIER 1 IMPORTS INC - APPROXIMATELY 59% OF COMPANY'S FISCAL 2019 NET SALES ARE EXPECTED TO BE DERIVED FROM MERCHANDISE PRODUCED IN CHINA.PIER 1 IMPORTS - OF THE 59% OF 2019 SALES EXPECTED FROM CHINESE MERCHANDISE, ABOUT HALF EXPECTED TO HAVE PRODUCTS SUBJECT TO PROPOSED TARIFF.  Full Article

Pier 1 Imports Reports Q1 Loss Per Share Of $0.36
Thursday, 28 Jun 2018 

June 27 (Reuters) - Pier 1 Imports Inc ::PIER 1 IMPORTS, INC. REPORTS FIRST QUARTER FISCAL 2019 FINANCIAL RESULTS; PROVIDES Q2 OUTLOOK; FULL YEAR FISCAL 2019 GUIDANCE REMAINS UNCHANGED.Q1 LOSS PER SHARE $0.36.Q1 SALES $371.9 MILLION VERSUS I/B/E/S VIEW $375.5 MILLION.Q1 EARNINGS PER SHARE VIEW $-0.39 -- THOMSON REUTERS I/B/E/S.Q1 SAME STORE SALES FELL 8.2 PERCENT.INVENTORIES AT CLOSE OF Q1 DECREASED 21.2% TO $329.7 MILLION, COMPARED TO $418.4 MILLION A YEAR AGO.QTRLY COMPANY COMPARABLE SALES DECREASED 8.2%.SEES FISCAL 2019 COMPANY COMPARABLE SALES GROWTH BETWEEN 1.5% TO 2.5%.SEES Q2 2019 COMPANY COMPARABLE SALES DOWN 7.0% TO DOWN 6.0%.SEES Q2 2019 GAAP LOSS PER SHARE $0.58 TO $0.54.SEES FISCAL 2019 LOSS PER SHARE BETWEEN $0.36 TO LOSS PER SHARE OF $0.17.  Full Article

Pier 1 Imports Sees Q1 Company Comparable Sales Down 8% To 7%
Thursday, 19 Apr 2018 

April 19 (Reuters) - Pier 1 Imports Inc ::PIER 1 IMPORTS ANNOUNCES THREE-YEAR STRATEGIC PLAN AT ITS ANALYST DAY.PIER 1 IMPORTS INC - AS RESULTS OF PLAN ARE FULLY REALIZED IN FISCAL 2021, EXPECT TO ACHIEVE SUSTAINABLE NET SALES GROWTH OF 4% TO 6%.PIER 1 IMPORTS INC - CAPITAL INVESTMENTS IN FISCAL 2019 ARE EXPECTED TO TOTAL $60 MILLION.PIER 1 IMPORTS INC - AS RESULTS OF PLAN ARE FULLY REALIZED IN FISCAL 2021, EXPECT TO ACHIEVE EBITDA MARGIN OF 6% TO 8%.PIER 1 IMPORTS INC - SEES Q1 COMPANY COMPARABLE SALES DOWN 8.0% TO 7.0%.PIER 1 IMPORTS - AS RESULTS OF PLAN ARE FULLY REALIZED IN FISCAL 2021, EXPECT TO ACHIEVE EARNINGS PER SHARE IN RANGE OF $0.60 TO $0.70.PIER 1 IMPORTS INC - SEES FULL YEAR FISCAL 2019 COMPANY COMPARABLE SALES 1.5 PERCENT TO 2.5 PERCENT.PIER 1 IMPORTS INC - SEES Q1 NET LOSS $33 MILLION TO $30 MILLION.PIER 1 IMPORTS INC SEES FULL YEAR FISCAL 2019 LOSS PER SHARE $0.17 - $$0.36.PIER 1 IMPORTS INC - SEES Q1 LOSS PER SHARE $0.41 TO $0.37.PIER 1-MADE STRATEGIC DECISION TO DISCONTINUE QTRLY DIVIDEND OF $0.07/SHARE, EXPECTED TO CONTRIBUTE ABOUT $22 MILLION OF INCREMENTAL CASH FLOW IN FISCAL 2019.  Full Article

Pier 1 Imports Inc Says Appointed Nancy Walsh As CFO
Thursday, 4 Jan 2018 

Jan 3 (Reuters) - Pier 1 Imports Inc ::PIER 1 IMPORTS BRINGS IN NEW CHIEF FINANCIAL OFFICER TO EMBARK ON STRATEGIC PLAN.PIER 1 IMPORTS INC - APPOINTMENT OF NANCY WALSH AS EXECUTIVE VICE PRESIDENT AND CFO.PIER 1 IMPORTS INC - DARLA RAMIREZ WILL STEP DOWN AS INTERIM CHIEF FINANCIAL OFFICER WHEN WALSH'S APPOINTMENT BECOMES EFFECTIVE.PIER 1 IMPORTS INC - WALSH JOINS PIER 1 IMPORTS FROM BON-TON STORES INC.PIER 1 IMPORTS SAYS DARLA RAMIREZ WILL CONTINUE TO SERVE AS CO'S PRINCIPAL ACCOUNTING OFFICER AND VP - CONTROLLER OF CO'S OPERATING UNITS.  Full Article

Pier 1 Imports Inc Q3 Earnings Per Share $0.09
Thursday, 14 Dec 2017 

Dec 13 (Reuters) - Pier 1 Imports Inc ::PIER 1 IMPORTS, INC. REPORTS THIRD QUARTER FISCAL 2018 FINANCIAL RESULTS.Q3 EARNINGS PER SHARE $0.09.Q3 SALES $469.2 MILLION VERSUS I/B/E/S VIEW $466.7 MILLION.Q3 EARNINGS PER SHARE VIEW $0.11 -- THOMSON REUTERS I/B/E/S.PROVIDES UPDATED FINANCIAL GUIDANCE.ADJUSTED EARNINGS PER SHARE OF $0.22 (NON-GAAP) IN Q3 OF FISCAL 2017.QTRLY COMPARABLE SALES DECREASED 0.7%.INVENTORIES AT END OF Q3 OF FISCAL 2018 DECREASED 12.7% TO $418.9 MILLION, COMPARED TO $479.8 MILLION A YEAR AGO.QTRLY COMPARABLE SALES REFLECT AN ESTIMATED IMPACT OF ABOUT 100 BPS RELATED TO HURRICANES IN TEXAS AND FLORIDA.SEES FY 2018 GAAP EARNINGS PER SHARE $0.10 TO $0.18.SAW IMPROVED SALES IN NOV, HOWEVER, OVERALL TRENDS DROPPED CONSIDERABLY DURING FIRST TWO WEEKS OF DEC.HAVE ADJUSTED PROMOTIONAL PLANS FOR REMAINDER OF HOLIDAY SEASON.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $0.17 TO $0.25.SEES FY 2018 NET SALES GROWTH APPROXIMATELY FLAT.SEES FY 2018 COMPARABLE SALES GROWTH FROM DOWN 1 PERCENT TO FLAT.SEES FULL YEAR 2018 CAPITAL EXPENDITURES APPROXIMATELY $60 MILLION.  Full Article

Pier 1 Imports names ‍Darla Ramirez interim CFO
Tuesday, 3 Oct 2017 

Oct 2 (Reuters) - Pier 1 Imports Inc :Pier 1 Imports Inc appoints interim chief financial officer.Darla D. Ramirez, company's vice president, controller and principal accounting officer, has been named interim CFO.  Full Article

Pier 1 Imports Q1 loss per share $0.04
Thursday, 29 Jun 2017 

June 28 (Reuters) - Pier 1 Imports Inc ::Pier 1 Imports, Inc reports first quarter fiscal 2018 financial results.Q1 loss per share $0.04.Q1 sales $409.5 million versus i/b/e/s view $421 million.Q1 earnings per share view $-0.05 -- Thomson Reuters I/B/E/S.Pier 1 imports inc qtrly company comparable sales decreased 0.2% year-over-year.Pier 1 imports-‍inventories at end of q1 of fiscal 2018 totaled $418.4 million, a decrease of about 1% compared to inventories of $421.1 million a year ago​.Pier 1 imports inc - qtrly net sales $409.5 million versus $418.4mln.Pier 1 Imports Inc - sees ‍q2 comparable sales growth flat to up 2%​.Pier 1 Imports Inc - sees q2 ‍net sales growth to be approximately flat​.Pier 1 Imports Inc - sees ‍q2 loss per share $0.08 to $0.04​.Pier 1 Imports Inc - sees fy earnings per share ‍$0.46 to $0.52​.Pier 1 Imports Inc - sees fy ‍comparable sales growth 1% to 2%​.Pier 1 Imports Inc - sees fy ‍net sales growth 1.5% to 2.5%​.Fy2018 earnings per share view $0.49, revenue view $1.87 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $-0.03, revenue view $413.2 million -- Thomson Reuters I/B/E/S.Pier 1 imports inc sees q2 sg&a expenses about $132 million to $137 million.  Full Article

Pier 1 Imports recalls Temani Wicker furniture due to violation of federal lead paint standard
Wednesday, 24 May 2017 

May 23 (Reuters) - U.S. Consumer Product Safety Commission: :Pier 1 Imports recalls Temani Wicker furniture due to violation of federal lead paint standard.Says Pier 1 Imports recall involves about 2,500 Temani Wicker furniture.  Full Article

Pier 1 Imports posts Q2 loss $0.05/share
Thursday, 29 Sep 2016 

Pier 1 Imports Inc: Pier 1 Imports Inc reports second quarter fiscal 2017 financial results . Q2 loss per share $0.05 . Q2 earnings per share view $-0.05 -- Thomson Reuters I/B/E/S . Q2 sales $405.8 million versus I/B/E/S view $407 million . Q2 same store sales fell 4.3 percent . Says board of directors declared a $0.07 per share quarterly cash dividend . Says inventories at end of Q2 of fiscal 2017 decreased approximately 10% to $481.3 million . Sees Q4 comparable sales contraction of negative 3% to negative 1% . Pier 1 Imports Inc says updates financial guidance . Sees Q3 comparable sales contraction of down 3% to down 1% . Sees Q3 net sales contraction of down 4% to down 2% . Sees Q3 earnings per share (GAAP): $0.03 to $0.09 . Sees Q3 adjusted earnings per share $0.09 to $0.15 . Q3 earnings per share view $0.12, revenue view $462.7 million -- Thomson Reuters I/B/E/S . Sees Q4 earnings per share (GAAP): $0.22 to $0.30 . Sees Q4 adjusted earnings per share $0.24 to $0.32 . Sees Q3 comparable sales contraction of negative 3% to negative 1% . Sees fy capital expenditures of approximately $45 million . Sees fy net sales contraction of approximately down 6% to down 4% . Says net sales for Q2 of fiscal 2017 decreased 6.7% to $405.8 million . Sees Q3 adjusted earnings per share $0.09 to $0.15.  Full Article

Alden responds to Pier 1 Imports' adoption of poison pill
Thursday, 29 Sep 2016 

Alden Global Capital LLC : Owns Approximately 9.5% Of Pier 1's Outstanding Shares . "Remain Open To Discussing Ways In Which We Can Work Constructively With Board" . Alden Issues Statement In Response To Pier 1 Imports' Adoption Of A 10% Poison Pill . "At No Point During Our Discussions Have We Mentioned Anything Even Close To An Intention Or Interest In Acquiring Pier 1" .Preference Is To Work With Pier 1 Board Regarding Ongoing Ceo Search Process.  Full Article

BRIEF-Pier 1 Imports Sees Q1 Company Comparable Sales Down 8% To 7%

* PIER 1 IMPORTS ANNOUNCES THREE-YEAR STRATEGIC PLAN AT ITS ANALYST DAY