Friday, April 20, 2018

Pier 1 Imports Inc. (PIR) Tumbled To A New Low After Q4 Sales Fall

Pier 1 Imports Inc. (PIR) reported fourth quarter adjusted EPS of $0.21 after the bell Wednesday, which topped the consensus estimate of $0.19. Revenues fell 3.1% to $512.23 million from $528.35 million last year. Comparable-store sales declined 7.5%. The retailer also announced that it has decided to discontinue its dividend.

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