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Pier 1 Imports Inc (PIR)

PIR on New York Consolidated

5.24USD
23 Jun 2017
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$0.10 (+1.95%)
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Latest Key Developments (Source: Significant Developments)

Pier 1 Imports, through subsidiary, co and units entered into a second amended and restated credit agreement
Wednesday, 7 Jun 2017 04:30pm EDT 

June 7 (Reuters) - Pier 1 Imports Inc : :Pier 1 Imports Inc- on June 2, through subsidiary, co and units entered into a second amended and restated credit agreement .Pier 1 Imports Inc- revolving credit agreement extends maturity date for revolving credit facility from June 18, 2018, to June 2, 2022.Pier 1 Imports Inc- credit extensions under revolving credit facility amounted to $42.2 million as of June 2, 2017.  Full Article

U.S. CPSC says Pier 1 Imports recalls chalk note mugs due to burn hazard
Thursday, 18 May 2017 01:00pm EDT 

May 18 (Reuters) - U.S. Consumer Product Safety Commission : :Pier 1 Imports recalls chalk note mugs due to burn hazard.U.S. Consumer Product Safety Commission says Pier 1 Imports recalls about 15,300 chalk note mugs due to burn hazard.U.S. CPSC- Firm has received reports of 8 mugs cracking when filled with a hot liquid, no injuries have been reported as part of the recall.  Full Article

Pier 1 Imports Q4 adjusted earnings per share $0.34
Wednesday, 12 Apr 2017 04:30pm EDT 

Pier 1 Imports Inc : Pier 1 Imports, Inc. Reports fourth quarter and full-year fiscal 2017 financial results . Q4 adjusted non-gaap earnings per share $0.34 . Q4 gaap earnings per share $0.33 . Q4 same store sales rose 0.2 percent . Q4 earnings per share view $0.33 -- Thomson Reuters I/B/E/S . Q4 sales $528.4 million versus I/B/E/S view $530.2 million . Pier 1 Imports Inc qtrly company comparable sales increased 0.2 percent . Pier 1 Imports Inc- inventories at end of fiscal 2017 decreased approximately 1 pct to $401.0 million, compared to $405.9 million a year ago . Pier 1 Imports Inc - full-year guidance for fiscal 2018 includes approximately $26 million of net sales . Sees Q1 comparable sales growth of 1 pct to 2 pct . Pier 1 Imports Inc sees FY 2018 comparable sales growth 1 pct to 2 pct . Sees Q1 net sales growth of flat to 1 pct . Pier 1 Imports Inc sees FY 2018 earnings per share of $0.46 to $0.52 . Sees Q1 loss per share of $0.07 to $0.03 . Sees full year net sales growth of 2 pct to 3 pct . Pier 1 Imports Inc sees FY 2018 capital expenditures of approximately $55 million . Q1 earnings per share view $-0.02, revenue view $421.2 million -- Thomson Reuters I/B/E/S . Pier 1 Imports - expects to close approximately 20 to 25 net stores in fiscal 2018 . Fy2018 earnings per share view $0.48, revenue view $1.84 billion -- Thomson Reuters I/B/E/S.  Full Article

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

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BRIEF-Pier 1 Imports, through subsidiary, co and units entered into a second amended and restated credit agreement

* Pier 1 Imports Inc- on June 2, through subsidiary, co and units entered into a second amended and restated credit agreement