Pier 1 Imports, Inc. Reports Third Quarter Fiscal 2018 Financial Results
PIER 1 IMPORTS (PIR)
Last pier 1 imports earnings: 6/26 04:15 pm
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Source: Business Wire
Provides Updated Financial Guidance Declares Quarterly Cash Dividend FORT WORTH, Texas--(BUSINESS WIRE)-- Pier 1 Imports, Inc. (NYSE:PIR) today reported financial results for the third quarter ended November 25, 2017. Third Quarter Fiscal 2018 Highlights Net sales decreased 1.4% to $469.2 million; Company comparable sales decreased 0.7% and reflect an estimated impact of approximately 100 basis points related to the hurricanes in Texas and Florida; E-Commerce sales penetration reached 26%; and Earnings per share of $0.09 compared to earnings per share of $0.17 (GAAP) and adjusted earnings per share of $0.22 (non-GAAP) in the third quarter of fiscal 2017. Alasdair James, President and CEO, stated, “Our third quarter financial performance was impacted by the hurricanes in Texas and Florida, as well as
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