now anticipates fourth quarter earnings between 40 cents and 41 cents per share. Revenue is projected in a range of about $512 million to $514 million. Its prior guidance was for earnings of 47 cents to 52 cents per share. The company previously predicted revenue would increase by a low to mid single digit percentage rate.
FORT WORTH, Texas Grey Nike Air Max Tavas (AP) Pier 1 Imports is reducing its fiscal fourth quarter and full year forecasts again, saying bad winter weather has caused customers to stay away from its stores.
Bad weather prompts Pier 1 to cut outlook again
$1.12 per share. Revenue is predicted to climb about 5.5 percent. The company previously anticipated revenue would rise by a mid to high single digit percentage rate.
For the full year, Pier 1 now expects earnings of $1 to $1.01 per share, down from its prior guidance of $1.07 to Nike Thea Gold Womens
because recent winter weather conditions led to some temporary store closings and "considerably" weaker store traffic.
Pier 1 Imports Inc. Air Max 2015 Blue
The home decor company had initially lowered the outlooks in January. On Friday President and CEO Alex Smith said in statement that the retailer needed to trim its forecasts again Air Max 2015 Womens Foot Locker
"Our fourth quarter results are frustrating and disappointing. However, we know the weather will eventually end and we can get back to more typical business trends," he said.
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