-=Pier 1 Imports (PIR) reported earnings on Wed 19 Dec 18 (a/h)

Pier 1 Imports misses by $0.61, misses on revs; appoints Cheryl Bachelder interim CEO

• Reports Q3 (Nov) loss of $0.62 per share, $0.61 worse than the S&P Capital IQ Consensus of ($0.01); revenues fell 12.0% year/year to $413 mln vs the $455.2 mln S&P Capital IQ Consensus. Company comparable sales decreased 10.5% compared to the third quarter of fiscal 2018; the Company estimates that the shift of certain holiday selling days, which were not included in last year's fiscal third quarter, benefited third quarter fiscal 2019 company comparable sales by approximately 600 basis points. The impact of this timing shift is expected to reverse in the fourth quarter of fiscal 2019.
• Pier 1 separately announced today that it has appointed Cheryl A. Bachelder, a member of the Company's Board of Directors, as Interim Chief Executive Officer, effective immediately. Additionally, Pier 1 announced a number of actions to enhance shareholder value and position the Company for long-term growth and profitability.

Earnings this week : December 17 - 21, 2018 (wk 51)

Earnings confirmed to report next week

Monday (Dec 17) 

• Morning: None
• Afternoon: HEI ORCL RHT

Tuesday (Dec 18)

• Morning: DRI FDS NAV WOR
• Afternoon: ABM AIR FDX JBL MU SCS 

Wednesday (Dec 19)

• Morning: GIS NCS PAYX WGO
• Afternoon: MLHR PIR RAD REVG

Thursday (Dec 20)

• Morning: ACN APOG ATU BB CAG CCL CTAS NEOG  SAFM SCHL SID WBA
• Afternoon: CAMP CTAS NKE  

Friday (Dec 21)

• KMX

=Pier 1 Imports (PIR) reported earnings on Wed 3 Oct 2018 (a/h)

Pier 1 Imports reports Q2 results in-line with downside preannounement from two weeks ago 

• Reports Q2 (Aug) loss of $0.63 per share, in-linewith the S&P Capital IQ Consensus of ($0.63); revenues fell 12.8% year/year to $355.3 mln vs the $356.79 mln S&P Capital IQ Consensus. 
• On Sept 20, co lowered EPS to ($0.62-0.64) from ($0.54-0.58) and preannounced comps down 11.4% vs. (6-7%) guidance. The company also discontinued FY19 guidance and did not issue any update guidance in this PR.
• "As previously communicated, our second quarter financial results reflect execution challenges around our August brand re-launch and our 'New Day' strategic plan initiatives taking longer than expected to gain traction. However, we have already taken steps to refine our marketing program and product allocation and are encouraged by early signs of improvement in some of our key customer metrics in recent weeks, including conversion and customer growth. Indeed, as we sharpen our execution on key initiatives around product and marketing, we continue to expect our top-line trend to improve over time. We remain confident that our plan is the right course to drive long-term growth and profitability."

Earnings this week : Oct 1 - 5, 2018 (wk 40)

Earnings confirmed to report next week

Monday (Oct 1) 

• Morning: CALM  HDB xSVA PEBK SKYS CBLI XBIO CREG
• Afternoon: SFIX EBF UEC ELLO GIG CCIH DARE

Tuesday (Oct 2)
Morning: LW PAYX PEP
Afternoon: LNDC

Wednesday (Oct 3)

• Morning: AYI LEN RPM
• Afternoon: PIR RECN SNX

Thursday (Oct 4)

• Morning: ISCA STZ
• Afternoon: COST  SGH

Friday (Oct 5)

• None

=Pier 1 Imports (PIR) reported earnings on Wed 27 June 2018 (a/h)

Pier 1 Imports beats by $0.03, reports revs in-line; guides Q2 EPS below consensus; affirms FY19 EPS in-line 

• Reports Q1 (May) loss of $0.36 per share, $0.03 better than the Capital IQ Consensus of ($0.39); revenues fell 9.2% year/year to $371.9 mln vs the $375.45 mln Capital IQ Consensus. Company comparable sales decreased 8.2% versus the year-ago period and company guidance of down 7% to 8%.
  • Gross profit was 32.3% of net sales, compared to 37.0% of net sales in same period a year ago.  
• Co issues downside guidance for Q2, sees EPS of ($0.58)-($0.54) vs. ($0.21) Capital IQ Consensus Estimate. Company comparable sales expected to be (7.0%) to (6.0%)
• Co issues in-line guidance for FY19, sees EPS of ($0.36)-($0.17) vs. ($0.31) Capital IQ Consensus Estimate. Company comparable sales expected to be up 1.5% to 2.5%.

=Pier 1 Imports (PIR) reported earnings on Wed 18 Apr 2018 (a/h)

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." 

=Pier 1 Imports (PIR) reported earnings on Wed 13 Dec 2017 (a/h)

Pier 1 Imports misses by $0.02, reports revs in-line; guides Q4 EPS and rev below consensus 

• Reports Q3 (Nov) earnings of $0.09 per share, $0.02 worse than the Capital IQ Consensus of $0.11; revenues fell 1.4% year/year to $469.2 mln vs the $466.6 mln Capital IQ Consensus. Company comparable sales for the quarter decreased 0.7% vs. down 0-2% guidance. E-Commerce represented ~26% of net sales in the third quarter of fiscal 2018, as compared to ~20% of net sales in the third quarter of fiscal 2017. Taking into account e-Commerce orders placed in or picked up in-store, ~90% of the Company's third quarter fiscal 2018 net sales directly touched a store.
• Third quarter merchandise margin (the result of adding back delivery and fulfillment net costs and store occupancy costs to gross profit) totaled $269.0 million, or 57.3% of net sales, compared to $286.4 million, or 60.2% of net sales, in the third quarter of fiscal 2017. The year-over-year decline is attributable to heightened promotional activity.
• Co issues downside guidance for Q4, sees EPS of $0.16-0.24, excluding non-recurring items, vs. $0.38 Capital IQ Consensus Estimate; sees Q4 revs of +1-3% to $533-544 mln vs. $558.02 mln Capital IQ Consensus Estimate. 
• "Our third quarter financial performance was impacted by the hurricanes in Texas and Florida, as well as deeper than expected promotional activity in October and November. We saw improved sales in November, including a solid Black Friday weekend, driven by our strong promotional message. However, overall trends dropped considerably during the first two weeks of December. We have adjusted our promotional plans for the remainder of the holiday season, and significantly revised our financial guidance to reflect the current tone and volatility of business."
• "We recently completed a rigorous strategic review of the Pier 1 Imports brand and enterprise," continued James. "Importantly, we see compelling go-forward opportunities to broaden the appeal of the brand, maximize the role of stores and e-Commerce, and substantially improve our operating margins. We are building a three-year strategic plan to transform the business, and are beginning to set things in motion with initiatives, testing and select organizational changes in the key areas of sourcing, supply chain, real estate, marketing and promotional effectiveness. We look forward to sharing our detailed blueprint in early 2018."  

Pier 1 Imports (PIR) reported earnings on Wed 14 Dec 2016 (a/h)

** charts after earnings **

Shares of Pier 1 Imports (PIR) posted third-quarter results that topped analysts' estimates.

The Fort Worth, TX-based company also appointed Chairman Terry London as its interim president and CEO effective January 1. CEO Alex Smith previously announced he would step down at year end.

For the fiscal third quarter, Pier 1 reported comparable-store sales rose 1.8%, while the FactSet consensus was for a decline of 1.1%. The retailer posted adjusted earnings of 22 cents per share, which handily beat analysts' projections of 13 cents per share. Revenue decreased 0.4% to $475.9 million year-over-year, but was above Wall Street's forecasts of $466.4 million.

Great trade : PIR +20% (11/16)

Pier 1 Imports (PIR) reported earnings on Wed 13 Apr 2016 (a/h)

** charts before earnings **

** charts 8 days after earnings **

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%.

PIR — is it a buy?

• 6 Nov 15

• 6 weeks later, just before earnings

Pier 1 Imports (PIR) reported earnings on Thur 24 Sept 2015 (a/h)

** 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.