Pier 1 Imports Needs A Christmas Miracle [Seeking Alpha]
PIER 1 IMPORTS (PIR)
Last pier 1 imports earnings: 6/26 04:15 pm
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US:NYSE Investor Relations:
investors.pier1.com
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Source: Seeking Alpha
Pier 1 Imports Needs A Christmas MiracleSummaryI took the time to spread the Pier 1' Imports, Inc.'s quarterly numbers for the past 3.5 years.Starting in Q4 FY 2018, the business fell off the tracks and has continued to struggle mightily during the first half of FY 2019.Given the trajectory of gross margins, same store sales, and Adjusted EBITDA, I would avoid shares of Pier 1, even at $1.50 per share.
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