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BRIEF-Pier 1 Imports Q4 adjusted earnings per share $0.34
April 12, 2017 / 8:55 PM / 3 months ago

BRIEF-Pier 1 Imports Q4 adjusted earnings per share $0.34

2 Min Read

April 12 (Reuters) - Pier 1 Imports Inc:

* Pier 1 Imports, Inc. Reports fourth quarter and full-year fiscal 2017 financial results

* Q4 adjusted non-gaap earnings per share $0.34

* Q4 gaap earnings per share $0.33

* Q4 same store sales rose 0.2 percent

* Q4 earnings per share view $0.33 -- Thomson Reuters I/B/E/S

* Q4 sales $528.4 million versus I/B/E/S view $530.2 million

* Pier 1 Imports Inc qtrly company comparable sales increased 0.2 percent

* Pier 1 Imports Inc- inventories at end of fiscal 2017 decreased approximately 1 pct to $401.0 million, compared to $405.9 million a year ago

* Pier 1 Imports Inc - full-year guidance for fiscal 2018 includes approximately $26 million of net sales

* Sees Q1 comparable sales growth of 1 pct to 2 pct

* Pier 1 Imports Inc sees FY 2018 comparable sales growth 1 pct to 2 pct

* Sees Q1 net sales growth of flat to 1 pct

* Pier 1 Imports Inc sees FY 2018 earnings per share of $0.46 to $0.52

* Sees Q1 loss per share of $0.07 to $0.03

* Sees full year net sales growth of 2 pct to 3 pct

* Pier 1 Imports Inc sees FY 2018 capital expenditures of approximately $55 million

* Q1 earnings per share view $-0.02, revenue view $421.2 million -- Thomson Reuters I/B/E/S

* Pier 1 Imports - expects to close approximately 20 to 25 net stores in fiscal 2018

* Fy2018 earnings per share view $0.48, revenue view $1.84 billion -- Thomson Reuters I/B/E/S

* Pier 1 Imports Inc - effective may 1, 2017 , terry london named executive chairman , will serve in that role through july 31, 2017

* Pier 1 Imports Inc - board of directors has increased number of directors comprising board from eight to nine Source text for Eikon: Further company coverage:

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