Pier 1 Imports: OK, What Now?
Discount Shopping: How About Pier 1 Imports?
Justin Hess • 10 Comments
Justin Hess • 10 Comments
Bailing On Pier 1 Imports
Vince Martin • 16 Comments
Vince Martin • 16 Comments
Thu, Jun. 30, 9:16 AM
Wed, Jun. 29, 4:44 PM
- Pier 1 Imports (PIR +4%) has slid 6.3% after hours after missing on profits and revenues and lowering guidance in its Q1 results.
- “Our first quarter sales were not as strong as we would have liked," says CEO Alex Smith; outdoor furniture was especially hit by internal and external pressures, and Pier 1 faces a challenging store traffic environment.
- Net sales fell 4.2% and comparable-store sales fell 2.5% (down 2.2% in constant currency). E-commerce made up 19% of Q1 net sales vs. 17% a year ago.
- The retailer now sees comparable sales growth between -1% and 1%, and net sales declines between 3% and 1%, for Q2 and the full year. Merchandise margin should be 56-57% of net sales and it plans $20M in marketing spend for Q2, it said.
- EPS for Q2 is forecast at -$0.06 to break-even (vs. consensus for break-even), and full-year EPS is seen at $0.32-$0.40 (below consensus for $0.44).
- Conference call to come at 5 p.m. ET.
- Press Release
Fri, Jun. 17, 10:03 AM
- Gap (GPS +3.7%) is back over $20 for the first time in over a month with some improved sentiment bubbling up over the retail sector.
- The retailer's +4.5% dividend yield may be luring in some buyers
- Other retail movers ahead of broad averages in early action include Nordstrom (JWN +2.3%), Tailored Brands (TLRD +3.6%), Pier 1 Imports (PIR +3.6%), Best Buy (BBY +2.8%), and DSW (DSW +2.5%). Perhaps it's coincidence, but all those companies boast a dividend yield of over 3%.
Thu, Apr. 14, 9:27 AM
- Pier 1 Imports (NYSE:PIR) is down sharply with FY17 guidance creating some anxiety with investors in early trading.
- The company sees EPS of $0.42 to $0.50 vs. $0.49 consensus, citing bottom-line pressure during the first half.
- Management also tipped off that about 20 store closures are anticipated for the current fiscal year.
- E-commerce is now up to 15% of all sales the retailer.
- PIR -9.67% premarket to $6.63 after shares had rallied into the earnings release.
- Now read Pier 1's Rally Should Be Ending Soon
Thu, Apr. 14, 9:25 AM
Wed, Apr. 13, 5:36 PM
Wed, Apr. 13, 4:25 PM
Wed, Apr. 13, 11:48 AM
- The retail sector is outperforming the broad market, despite a read on March retail sales that came in short of expectations.
- The S&P Retail ETF (NYSEARCA:XRT) is up 2.06% on the day.
- The retail stocks making the sharpest moves includes an oddball list of beat-up names and specialty firms such as Barnes & Noble (BKS +5.1%), Conn's (CONN +11.5%), Tailored Brands (TLRD +9.5%), Duluth Holdings (DLTH +5.9%), Sears Holdings (SHLD +6.8%), Pier 1 Imports (PIR +4.6%), and GameStop (GME +4.8%).
- Previously: Retail sales dive: Mall malaise again, building materials strong (April 13)
- Previously: March retail sales miss estimates, prior months revised higher (April 13)
Fri, Mar. 11, 10:54 AM
- The solid week for specialty retail continues after a majority of earnings report come in ahead of expectations.
- Ulta Salon (ULTA +16%) and Party City (PRTY +7.1%) were the headliners, but a host of companies realized stronger pricing than anticipated during the quarter to help offset weak traffic trends.
- Retail sector movers include FTD Companies (FTD +6.1%), Pier 1 Imports (PIR +2.3%), Sally Beauty Holdings (SBH +2.4%), Five Below (FIVE +2%), Stein Mart (SMRT +5.7%), Buckle (BKE +2.5%), Urban Outfitters (URBN +2.2%), and Tilly's (TLYS +2.9%) .
Mon, Mar. 7, 9:11 AM
Mon, Mar. 7, 9:01 AM
- Pier 1 Imports (NYSE:PIR) reports it showed comparable-store sales growth of -0.7% in FQ4 (+0.2% constant currency). The mark is higher than the company's own guidance for a 2% to 4% drop.
- The retailer cites "positive customer response" to its holiday and seasonal assortments.
- E-commerce sales represented 14.7% of all sales during the quarter.
- PIR +6.57% premarket to $5.84. Shares are now up over 15% over the last five trading sessions.
Tue, Feb. 16, 11:02 AM
- Specialty retail stocks are breaking out of the pack to record strong gains.
- A number of economists have revised their forecast upward on the part of consumer spending tied to low-ticket household/clothing/recreational items.
- The Container Store (TCS +10.4%), Zagg (ZAGG +7.9%), Pier 1 Imports (PIR +4.2%), Chico's (FAS +3.4%), Five Below (FIVE +3%), and Destination XL Group (DXLG +5.5%) are notable gainers.
- The sporting goods sector is also showing strength - Hibbett Sports (HIBB +3.6%), Cabela's (CAB +3.7%), Dick's Sporting Goods (DKS +2.4%), and Big 5 Sporting Goods (BGFV +1.9%) are all ahead of broad market averages.
Thu, Feb. 11, 11:46 AM
- There's some nervous trading on stocks associated with consumers spending money on their houses. Today's macroeconomic news and stock market decline are cutting into confidence over consumer spending patterns.
- Pier 1 Imports (PIR -7.9%), Mattress Firm (MFRM -3.1%), Tile Shop (TTS -2.9%), Lumber Liquidators (LL -5.8%), Restoration Hardware (RH -3.6%), Bed Bath & Beyond (BBBY -2.5%), La-Z-Boy (LZB -3%), Kirkland's (KIRK -2.3%), and Williams-Sonoma (WSM -2.5%) are all lower than broad market averages.
- Lowe's (LOW -1.5%) and Home Depot (HD -1.2%) are showing a milder loss.
Wed, Jan. 27, 7:51 AM
- KeyBanc Capital is taking a negative view of the home furnishings and merchandise sector.
- Haverty Furniture (NYSE:HVT) is downgraded to Sector Weight from Overweight.
- Pier 1 Imports (NYSE:PIR) is taken to Sector Weight from Overweight.
- Bed Bath & Beyond (NASDAQ:BBBY) is set at Underweight after being slotted at Sector Weight previously. BBBY -2.72% premarket to $42.86.
Dec. 17, 2015, 12:45 PM
Dec. 17, 2015, 9:20 AM
Pier 1 Imports, Inc. manufactures, markets and distributes home furnishings accessories. It directly imports merchandise from many countries, and sells decorative accessories, furniture, candles, housewares, gifts and seasonal products in its stores and through the company's website, Pier1.com.... More
Industry: Home Furnishing Stores
Country: United States
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