** charts before earnings **
** charts after earnings **
Pier 1 Imports Inc. (NYSE: PIR) reported its fiscal second-quarter financial results after the markets closed on Thursday. The company had $0.04 in earnings per share (EPS) on $430.0 million in revenue. That compared to consensus estimates of $0.07 in EPS on revenue of $435.38 million. In the same period of the previous year, the retailer posted EPS of $0.10 and $418.6 million in revenue.
The company issued guidance for both the fiscal third quarter and the full year. Pier 1 expects EPS in the range of $0.10 to $0.14 and comparable sales growth in the low-single digits for the fiscal third quarter, compared to consensus estimates of $0.23 in EPS on $505.33 million in revenue. For fiscal 2016, the company expects EPS in the range of $0.56 to $0.64 and low single-digit company comparable sales growth for the fiscal 2016 full year. The consensus estimates are EPS of $0.83 and $1.93 billion in revenue for the full year.
During the second quarter of fiscal 2016, the company closed 16 stores and opened six — four of which were relocations — ending the period with 1,053 stores. Pier 1 expects to end fiscal 2016 with approximately 30 net store closures.
The company repurchased roughly 2.7 million shares of common stock under its April 2014 share repurchase program for $32.4 million in the fiscal second quarter.
No comments:
Post a Comment