Pier 1 Imports
The 10-second takeaway
For the quarter ended March 2 (Q4), Pier 1 Imports met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share increased significantly. GAAP earnings per share shrank significantly.
Gross margins grew, operating margins grew, net margins dropped.
Pier 1 Imports logged revenue of $552.0 million. The 12 analysts polled by S&P Capital IQ predicted a top line of $547.1 million on the same basis. GAAP reported sales were 16% higher than the prior-year quarter's $476.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.60. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.60 per share. Non-GAAP EPS of $0.60 for Q4 were 25% higher than the prior-year quarter's $0.48 per share. GAAP EPS of $0.58 for Q4 were 44% lower than the prior-year quarter's $1.04 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 46.2%, much better than the prior-year quarter. Operating margin was 18.2%, 140 basis points better than the prior-year quarter. Net margin was 11.2%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $393.7 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $1.83 billion. The average EPS estimate is $1.37.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pier 1 Imports is outperform, with an average price target of $24.36.
Is Pier 1 Imports the right retailer for your portfolio? Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks," including one above-average retailing powerhouse. Click here for instant access to this free report.
- Add Pier 1 Imports to My Watchlist.