June 16, 2006 |
Pier 1 Imports Inc., the largest U.S. seller of imported home furnishings, said its first-quarter loss almost doubled after sales were hurt by competition from lower-priced retailers. The net loss for the period ended May 27 widened to $23.2 million, or 27 cents a share, from $12.5 million, or 14 cents, a year earlier. Sales declined 3.6% to $376.1 million, the Fort Worth-based company said. The company has been facing competition from retailers such as Target Corp. and Wal-Mart Stores Inc.
August 24, 2005 |
Home-furnishings retailer Pier 1 Imports Inc. warned of a bigger-than-expected loss in its fiscal second quarter because of falling sales. The store forecast a loss of 12 cents to 14 cents a share in the quarter ending Saturday, contrasted with a profit of 12 cents a year earlier. Earlier this month, it predicted a loss of 7 cents a share to a profit of 3 cents a share.
September 15, 2004 |
Pier 1 Imports Inc., the largest U.S. retailer of imported home furnishings, said fiscal second-quarter earnings fell 43% because of a decline in store traffic. Net income was $10.4 million, or 12 cents a share, compared with $18.4 million, or 20 cents, a year earlier. Sales rose 5.7% to $452.3 million, the Fort Worth-based company said. Same-store sales, a key measure of retail health, fell 3%. Profit was a penny more than the average analyst estimate of 11 cents. Pier 1 shares rose $1.
April 2, 2004 |
Pier 1 Imports Inc., the largest U.S. retailer of imported home furnishings and accessories, said fourth-quarter earnings fell 11% as higher employee and legal costs hurt margins. Net income dropped to $48.3 million, or 53 cents a share, from $54 million, or 57 cents, a year earlier, the Fort Worth-based company said. Sales rose 6.6% to $555.3 million as the company benefited from the opening of 120 stores.
March 12, 2004 |
Kirstie Alley is out as spokeswoman for Pier 1 Imports. A queer eye is in. The home furnishing chain, which operates more than 1,200 stores in the U.S., Canada, the United Kingdom, Puerto Rico and Mexico, has launched a marketing campaign featuring Thom Filicia, the design guru of the hit makeover show "Queer Eye for the Straight Guy." National television ads featuring Filicia began airing Thursday.
December 17, 2003 |
Pier 1 Imports Inc. reported modest earnings and sales growth for its latest quarter, in line with expectations, but warned that customer traffic this month had been weak. The Fort Worth-based company said it earned $32.2 million, or 35 cents a share, in its fiscal third quarter, up from $31.1 million, or 33 cents, a year earlier. Sales rose 10% to $482.4 million.