Pier 1 Imports announces three-year strategic plan at its analyst day; sees EPS of $0.60-0.70 by 2021 -- see 4/18 16:19 for earnings
- "In fiscal 2019, we will be investing in the tools and resources needed to execute against our plan," continued James. "This will pressure profitability, bringing us to an expected net loss for both the first quarter and full year. However, these investments are expected to drive sales growth and profitability in fiscal 2020 and 2021 and are necessary to help us return the business to a sustainable growth trajectory.
- "As the results of the plan are fully realized in fiscal 2021, we expect to achieve sustainable net sales growth of 4% to 6%, EBITDA margin of 6% to 8%, and earnings per share in the range of $0.60 to $0.70. This effectively expands our EBITDA margin by 100 to 300 basis points and delivers an increase of approximately 3x in earnings per share in three years' time as compared to the adjusted metrics presented in our fiscal 2018 year-end earnings release."
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