Why Pier 1 Imports, Inc. Stock Plunged Today [The Motley Fool]
PIER 1 IMPORTS (PIR)
Last pier 1 imports earnings: 6/26 04:15 pm
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Source: The Motley Fool
The specialty retailer is implementing a new three-year plan to turn its business around. Here's what investors need to know. Steve Symington ( TMFSymington ) Apr 19, 2018 at 1:13PM What happened Shares of Pier 1 Imports Inc. ( NYSE:PIR ) were down 20.7% as of 12:15 p.m EDT Thursday after the home-goods retailer announced mixed fiscal fourth-quarter 2018 results and a disappointing outlook. On the former, Pier 1's quarterly revenue declined 3.1% year over year to $512.2 million -- and this despite an extra week in the quarter as compared to the same year-ago period. On a comparable 13-week basis, Pier 1's comparable sales declined 7.5%. That translated to adjusted earnings of $16.6 million, or $0.21 per share. Analysts on average were expecting lower adjusted earnings of $0.19 per share on higher revenue of $537.6 million. IMAGE SOURCE: PI
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