Pier 1 Imports Q4 Comps Down 0.7%; Sees Q4 EPS In Line With Prior Guidance

(RTTNews) - Pier 1 Imports Inc. (PIR) reported that its comparable sales, which includes e-Commerce, for the fourth-quarter decreased about 0.7%, which compared favorably to prior guidance for a decrease of approximately 2% to 4%. On a constant currency basis, company comparable sales increased approximately 0.2%.

Preliminary total sales for the fourth quarter decreased approximately 1.3% compared to the same period a year ago, while it was down about 0.4% on a constant currency basis. E-Commerce sales represented approximately 14.7% of total sales in the fourth quarter.

Fourth quarter earnings per share is expected to be in line with prior guidance of $0.18 to $0.22 per share.