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Last $10.06 USD
Change Today +0.07 / 0.70%
Volume 2.1M
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

pier 1 imports inc (PIR) Key Developments

Pier 1 Imports, Inc. Announces Management Changes

Pier 1 Imports, Inc. announced that Jeffrey N. Boyer has been named as Executive Vice President and Chief Financial Officer, effective from July 27, 2015. Mr. Boyer will have responsibility for Pier 1 Imports’ financial operations and accounting, including financial reporting, planning and analysis, accounting, treasury, tax and investor relations. Laura A. Coffey will continue to serve in her role as Executive Vice President and Interim Chief Financial Officer until Mr. Boyer’s appointment becomes effective, at which time she will be named to a separate executive position within the company. Most recently, Mr. Boyer served as Executive Vice President, Chief Administrative Officer and Chief Financial Officer for Tuesday Morning Corporation since September 2013.

Pier 1 Imports, Inc. Declares Quarterly Cash Dividend, Payable on August 5, 2015

Pier 1 Imports, Inc. announced that its board of directors declared a $0.07 per share quarterly cash dividend on the company’s outstanding shares of common stock. The $0.07 quarterly cash dividend will be paid on August 5, 2015, to shareholders of record on July 22, 2015.

Pier 1 Imports, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 30, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2016

Pier 1 Imports, Inc. reported unaudited consolidated earnings results for the first quarter ended May 30, 2015. For the quarter, the company reported net sales of $432,004,000 compared to $419,059,000 a year ago. Operating income was $13,558,000 compared to $25,830,000 a year ago. Income before income taxes was $10,829,000 compared to $24,104,000 a year ago. Net income was $6,874,000 compared to $15,055,000 a year ago. Basic and diluted earnings per share were $0.08 compared to $0.16 a year ago. Net cash provided by operating activities was $28,339,000 compared to $38,741,000 a year ago. Capital expenditures were $9,389,000 compared to $15,325,000 a year ago. EBITDA (earnings before interest, taxes, depreciation and amortization) was $26.1 million compared to $36.4 million in the first quarter of last year. The company provided earnings guidance for the second quarter and full year of 2016. For the quarter, the company expects comparable sales growth, which includes e-Commerce, of 4% to 5%; and Earnings per share expected to be in the range of $0.07 to $0.08. For the full year, the company expects EBITDA margins comparable to fiscal 2015. Depreciation expected of approximately $50 million to $55 million. Earnings per share expected to be in the range of $0.83 to $0.87. Capital expenditures expected of approximately $60 million. operating margin is expected to come in comparable to fiscal 2015. Net interest expense expected to be in the range of $12 million to $12.5 million. The company forecast effective tax rate at approximately 39.4%.

Pier 1 Imports, Inc. to Report Q1, 2016 Results on Jun 17, 2015

Pier 1 Imports, Inc. announced that they will report Q1, 2016 results at 5:00 PM, Eastern Standard Time on Jun 17, 2015

Pier 1 Imports, Inc., Q1 2016 Earnings Call, Jun 17, 2015

Pier 1 Imports, Inc., Q1 2016 Earnings Call, Jun 17, 2015

 

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Industry Analysis

PIR

Industry Average

Valuation PIR Industry Range
Price/Earnings 13.6x
Price/Sales 0.5x
Price/Book 2.7x
Price/Cash Flow 7.7x
TEV/Sales 0.3x
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