Pier 1 Imports Reports Inline Results, Offers Guidance

Financial News Network
April 07, 2012 AT 12:29 AM
Pier 1 Imports (NYSE:PIR) reported Q4 EPS of $0.48, which may not compare to estimates of $0.49.The company reported revenues of $476.7 million, beating estimates by $2 million.Pier 1 said its comp sales rose 10.3% while Q4 gross margins came in at 45.5% vs. 42.8%.The company sees FY 13 EPS of $1.06 - $1.12, vs. estimates of $1.12.The company declared a $0.04 per share dividend.The company says it is opening 20 locations in F2013.