Pier 1 Imports (PIR) reported earnings on Wed 16 Dec 2015 (a/h)

** charts before earnings **

 ** charts after earnings **

Pier 1 Imports beats by $0.01, misses on revs; guides Q4 EPS below consensus; comps -0.7% :

• Reports Q3 (Nov) earnings of $0.13 per share, $0.01 better than the Capital IQ Consensus of $0.12; revenues fell 2.5% year/year to $472.5 mln vs the $492.68 mln Capital IQ Consensus.  Comps fell 0.7% YoY (a 0.5% increase on a constant currency basis). Guidance called for low single digit growth. Gross profit as a percentage of sales was 37.8%, compared to 42.3% in the third quarter of last year.
• Co issues downside guidance for Q4, sees EPS of $0.18-0.22, excluding non-recurring items, vs. $0.36 Capital IQ Consensus Estimate.  Co sees FY16 Merchandise margin, as a percentage of sales, of ~55%, compared to prior guidance of 55.5% to 56%.