Pier 1 Imports Inc. (PIR) Has Dropped To A New Low After Sales Disappoint
Pier 1 Imports Inc. (PIR) reported fourth quarter adjusted EPS of $0.21 after the bell Wednesday, which topped the consensus estimate of $0.19. Revenues fell 3.1% to $512.23 million from $528.35 million last year. Comparable-store sales declined 7.5%. The retailer also announced that it has decided to discontinue its dividend.
Source: RTTNews