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Pier 1 Imports Inc (PIR)

PIR on New York Consolidated

7.07USD
30 Mar 2017
Change (% chg)

$0.15 (+2.17%)
Prev Close
$6.92
Open
$6.89
Day's High
$7.12
Day's Low
$6.88
Volume
739,628
Avg. Vol
2,839,244
52-wk High
$9.68
52-wk Low
$3.73

Latest Key Developments (Source: Significant Developments)

Pier 1 Imports recalls Bistro chairs due to fall hazard recall summary
Thursday, 9 Mar 2017 03:10pm EST 

U.S. Consumer Product Safety Commission: Pier 1 Imports recalls Bistro chairs due to fall hazard recall summary . Recall of about 13,300 sets and 700 individual chairs in U.S. of Pier 1 Imports (in addition, about 760 sets, 40 individual chairs in Canada) . Pier 1 Imports has received six reports of incidents of chair legs loosening and/or collapsing .Pier 1 Imports has received reports of incidents resulting in four reports of injuries including bruises and abrasions from falls.  Full Article

Pier 1 imports Sees FY 2017 adj non-GAAP EPS $0.42-$0.44
Monday, 6 Mar 2017 04:42pm EST 

Pier 1 Imports Inc : Pier 1 imports, inc. Reports preliminary fourth quarter and full-year fiscal 2017 financial results . Sees fy 2017 adjusted non-gaap earnings per share $0.42 to $0.44 . Sees q4 adjusted non-gaap earnings per share $0.32 to $0.34 . Q4 sales fell 2.6 percent . Q4 same store sales rose 0.2 percent . Sees fy 2017 gaap earnings per share $0.35 to $0.37 . Sees q4 gaap earnings per share $0.31 to $0.33 . Qtrly company comparable sales, which includes e-commerce, increased approximately 0.2% . Pier 1 imports inc - qtrly company comparable sales, which includes e-commerce, increased approximately 0.2% . Qtrly e-commerce sales grew 28% as compared to same period year ago and represented approximately 19.5% of net sales in q4 .Pier 1 imports inc - estimated costs of approximately $2 million in q4 related to departure of company's former chief executive officer.  Full Article

Pier 1 Imports recalls glass knobs due to laceration hazard
Wednesday, 1 Mar 2017 11:58am EST 

U.S. Consumer Product Safety Commission: Pier 1 Imports recalls about 363,000 units of glass knobs due to laceration hazard .Pier 1 Imports has received six reports of incidents including two laceration injuries from a broken glass knob.  Full Article

Pier 1 Imports reiterates Q4 and FY 2017 financial guidance
Tuesday, 7 Feb 2017 04:15pm EST 

Pier 1 Imports Inc : Pier 1 Imports, Inc. reiterates fourth quarter and full-year fiscal 2017 financial guidance . Pier 1 Imports Inc says customers responded positively to our seasonal and holiday assortments in december .Pier 1 Imports Inc says strong execution across board enabled us to achieve slightly positive comparable sales growth of 0.6% quarter-to-date through January.  Full Article

Alden Global reports 4.3 pct stake in Pier 1 Imports
Wednesday, 18 Jan 2017 06:22pm EST 

Pier 1 Imports Inc : Alden Global Capital LLC reports 4.3 percent stake in Pier 1 Imports Inc as of Jan 13 - SEC filing .Alden Global Capital LLC - had previously reported stake of 9.2 percent in Pier 1 Imports Inc as of Dec 20, 2016.  Full Article

Pier 1 Imports posts Q2 loss $0.05/share
Wednesday, 28 Sep 2016 04:17pm EDT 

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
Wednesday, 28 Sep 2016 03:45pm EDT 

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

Pier 1 Imports Q1 loss per share $0.07
Wednesday, 29 Jun 2016 04:16pm EDT 

Pier 1 Imports Inc : Q1 same store sales fell 2.5 percent . Q1 sales fell 4.2 percent . Inventories at end of q1 decreased 16% to $421.1 million, compared to $501.7 million of inventories at end of q1 last year . Pier 1 imports inc sees full year capital expenditures of approximately $55 million . Qtrly net sales $418.4 million versus $436.9 million . Sees FY earnings per share $0.32 to $0.40 . Sees Q2 loss per share of $0.06 to EPS of $0.00 . Sees Q2 comparable sales contraction of 1% to comparable sales growth of 1% . Q2 earnings per share view $-0.00, revenue view $429.5 million -- Thomson Reuters I/B/E/S . FY2017 earnings per share view $0.44, revenue view $1.88 billion -- Thomson Reuters I/B/E/S . Sees Q2 net sales contraction of 3% to 1% . Sees FY net sales contraction of 3% to 1% . Sees FY comparable sales to range from contraction of 1% to comparable sales growth of 1% . "given challenging retail environment and moderate start to fiscal 2017, we believe it is prudent to adjust our financial guidance" . Pier 1 imports, inc. Reports first quarter fiscal 2017 financial results . Q1 loss per share $0.07 .Q1 earnings per share view $-0.05 -- Thomson Reuters I/B/E/S.  Full Article

Pier 1 Imports CEO Smith's fiscal 2016 compensation $6.1 mln - SEC filing
Thursday, 12 May 2016 01:10pm EDT 

Pier 1 Imports Inc :CEO Alexander W. Smith's 2016 total compensation was $6.1 million versus $8.2 million in 2015 - SEC filing.  Full Article

Pier 1 Imports Inc sees Q4, FY 2016 EPS in line with prior guidance
Monday, 7 Mar 2016 06:30am EST 

Pier 1 Imports Inc:Says Q4 2016 earnings per share (EPS) is expected to be in line with prior guidance of $0.18 to $0.22 per share.Says FY 2016 earnings per share is expected to be in line with prior guidance of $0.42 to $0.46 per share.  Full Article

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UPDATE 2-German imports soar in January, current account surplus shrinks

* Graphic on German trade http://tmsnrt.rs/2lKmMzA (Adds link to graphic, analyst on trade surplus)