Pier 1 Imports
The 10-second takeaway
For the quarter ended June 1 (Q1), Pier 1 Imports met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew significantly.
Margins grew across the board.
Pier 1 Imports tallied revenue of $394.9 million. The 11 analysts polled by S&P Capital IQ anticipated a top line of $394.9 million on the same basis. GAAP reported sales were 9.3% higher than the prior-year quarter's $361.1 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 $0.19. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.19 per share. GAAP EPS of $0.19 for Q1 were 19% higher than the prior-year quarter's $0.16 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 42.4%, 80 basis points better than the prior-year quarter. Operating margin was 8.4%, 80 basis points better than the prior-year quarter. Net margin was 5.2%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $403.4 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $1.84 billion. The average EPS estimate is $1.32.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 281 members out of 586 rating the stock outperform, and 305 members rating it underperform. Among 142 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 77 give Pier 1 Imports a green thumbs-up, and 65 give it a red thumbs-down.
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