Soft traffic clips Pier 1

|About: Pier 1 Imports Inc. (PIR)|By:, SA News Editor

Pier 1 (PIR) lowers estimates for FY14 as soft traffic patterns persist.

The company now sees EPS of $1.00-$1.01 compared to guidance of $1.07-$1.12.

A projection for sales growth of 5.5% falls short of the 6% growth that analysts forecast.