Pier 1 Imports, Inc. (PIR) Thursday reported fourth-quarter comparable sales growth of 7.9 percent, down from 10.3 percent reported in the comparable period last year.
Sales for the quarter improved 15.7 percent to $552 million from $477 million last year. Analysts, based on consensus, expected revenues of $546.43 million. Analysts' estimates typically exclude special items.
For the quarter, the company expects to report earnings in the range of $0.57 to $0.58 per share, with adjusted ranging between $0.59 to $0.60 per share.
This compares to profit of $1.04 per share and adjusted earnings of $0.48 per share reported in the prior-year quarter.
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