Pier 1 Imports Sales DisappointSales at Pier 1 Imports stores open at least one year rose 1.3 percent for the five weeks ending January 4, but the figure dropped when accounting for a calendar shift.
Q2 Net Income Drops For Pier 1 ImportsPier 1 Imports' fiscal second-quarter profit dropped 32 percent, missing expectations and sending its shares sharply lower in premarket trading Thursday. The Fort Worth, Texas company cut its fiscal 2014 earnings forecast.
Pier 1 Imports Tops Q4 Revenue EstimatesPier 1 Imports' fiscal fourth-quarter revenue topped Wall Street's view but the home decor company provided a forecast for adjusted earnings that was slightly below analysts' estimates.
Revenue Up For Pier 1 Imports In DecemberPier 1 Imports revenue at stores open at least a year climbed 8.2 percent in December, driven by strong traffic and shoppers spending more per transaction.
Pier 1 Imports Reports Rising Q2 ProfitsMore people shopped at Pier 1 Imports and they spent more on average, driving the home decor company's fiscal second-quarter net income 58 percent higher.
Pier 1 Imports Q2 Results Top ExpectationsPier 1 Imports has forecast its fiscal second-quarter adjusted earnings and revenue at levels above Wall Street's expectations.
Pier 1 Imports Sees Q4 Profit More Than DoublePier 1 Imports also announced on Thursday that it will launch a Pier 1 To-You website, which allows customers to shop online, in late July.
Pier 1 Imports Tops Q4 Revenue ExpectationsPier 1 Imports reported fiscal fourth-quarter revenue that beat Wall Street's expectations, while revenue at stores open at least a year rose 10.3 percent.