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Pier 1 Imports Inc Issues FY 2014 Revenue Guidance; Lowers FY 2014 Earnings Guidance; Reaffirms FY 2014 Comparable Store Sales Guidance

Thursday, 19 Sep 2013 06:00am EDT 

Pier 1 Imports Inc announced that for fiscal 2014, Total sales growth in the high single-digit range; Comparable store sales growth in the mid single-digit range; EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) growth in the range of 12% to 16%, versus previous guidance of 15% to 18% and Earnings per share (EPS) in the range of $1.23 to $1.29, representing year-over-year growth of 5% to 10%, compared to prior guidance of $1.27 to $1.32. The Company reported total Revenue of $1.70 billion and EBITDA of $230 million in fiscal 2013. According to I/B/E/S Estimates, analysts were expecting the Company to report Revenue of $1.84 billion; EBITDA of $269 million and EPS of $1.32 for fiscal 2014. 

Company Quote

-0.11 -0.87%
11:45am EDT