Pier 1 Imports stock price

Pier 1 Imports latest news:

  • 12/14/2017 11:35:15

    Pier 1 Imports slumps 30 percent; holiday optimism disappears

    SAN FRANCISCO (Reuters) - Pier 1 Imports Inc's stock lost nearly a third of its value on Thursday and its main competitors' shares also fell after the furniture and home decorations retailer warned the holiday shopping season was not going well.

  • 12/13/2017 14:38:04

    Pier 1 shares tank after lowered guidance, earnings miss

    Shares of Pier 1 Imports Inc. fell more than 20% late Wednesday after the retailer lowered its fiscal 2018 fourth quarter and full-year 2018 guidance "to reflect the current tone and volatility of business" in December, and missed per-share earnings expectations for the third quarter of fiscal 2018. Pier 1 said it earned $7.4 million, or 9 cents a share, in the quarter, compared with $13.6 million, or 17 cents a share, in the year-ago period. Sales fell to $469 million, compared with $476 million a year ago. Analysts polled by FactSet had expected earnings of 12 cents a share on sales of $467 million. Pier 1 said its EPS guidance for the full year is between 10 cents and 18 cents, compared with a prior guidance of between 31 cents and 41 cents. Adjusted earnings per share guidance was tweaked lower to between 17 cents and 25 cents, compared with a prior view between 38 cents to 48 cents. A detailed plan to lift the brand will be unveiled early next year, the company said. Shares had ended the regular trading day up 7%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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