Newsletter

Menu

Weakness expected to mount for Pier 1 Imports in Q2

By Staff Correspondent |

Pier 1 Imports Inc. (NYSE: PIR) is set to release its second-quarter earnings results on Wednesday after the market closes. The home decoration retailer has been struggling for several quarters in a row due to weak store traffic and double digits decline in comparable-store sales. This could increase the chances of the company going bankrupt.

The company has been spending more on promotion and clearance activity for driving traffic and conversion. But it has not yielded well despite increasing the expenses. Comparable sales and gross profit trends are anticipated to remain soft in the second quarter due to the continued level of clearance activity of lower priced and lower margin goods.

The company’s net debt position has increased more than fivefold over the past twelve months. As of June 1, 2019, the company had $30.5 million of cash and cash equivalents while total debt stood at $952.63 million. Market analysts fear that the company could easily turn bankrupt due to the discouraging state and the massive cash burn.

For the second half of fiscal 2020, Pier 1 Imports anticipates a gradual improvement backed by new merchandising and marketing initiatives for fall. The majority of the $90 million cost-cutting initiatives will be realized in the second half of the year. The company planned to exit off-brand merchandise in the second quarter for lowering its cost structure.

Analysts expect the company to report a loss of $15.88 per share on revenue of $315.2 million for the second quarter. In comparison, during the previous year quarter, Pier 1 Imports posted a loss of $12.6 per share on revenue of $355.34 million. The company has missed analysts’ expectations in all of the past four quarters. Majority of the analysts recommended a “hold” rating.

Read: Nio Q2 earnings preview

For the first quarter, Pier 1 Imports reported a wider loss due to the effect of the 1-for-20 reverse stock split. Net sales decreased by 15.5% and comparable sales declined by 13.5%. The results were hurt by lower average customer spend, which is primarily attributable to changes in its merchandise mix, as well as decreased store traffic. The company operated 967 stores at the end of the first quarter, a decrease of 30 from last year.

The company remained on track to achieve the previously outlined benefits that will be realized through cost reductions of $100 million to $110 million this year and now expects the substantial majority of those benefits. The expense savings the company plans to realize in the second half of fiscal 2020 are expected to be absorbed by lower gross margins rather than driving the full-year net income and EBITDA recapture it previously outlined.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Advertisement

More on this Company

Key takeaways from Macy’s (M) Q3 2025 earnings report

December 3, 2025

Key metrics from Macy’s (M) Q3 2025 earnings results

December 3, 2025

Macy’s (M) Earnings Preview: Revenue and earnings expected to decline in Q3 2025

December 1, 2025

213 responses to “Weakness expected to mount for Pier 1 Imports in Q2”

  1. best university egypt

    […]although internet websites we backlink to below are considerably not connected to ours, we really feel they may be actually really worth a go via, so have a look[…]

  3. Transparency and credibility

    […]we like to honor many other world-wide-web internet sites around the net, even when they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  8. MBA scholarships in Egypt

    […]we prefer to honor many other web web pages on the net, even though they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  10. fue

    […]just beneath, are a lot of absolutely not connected web pages to ours, even so, they’re surely worth going over[…]

  11. Which course is best for pharmacy

    […]we prefer to honor a lot of other internet websites around the internet, even when they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  28. Maillot de football

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nevertheless actually worth taking a search, whoa did a single find out about Mid East has got much more problerms as well […]

  29. SEOSolutionVIP Fiverr

    […]although sites we backlink to below are considerably not related to ours, we really feel they may be essentially worth a go as a result of, so have a look[…]

  31. Fiverr Earn

    […]that is the end of this article. Right here you’ll discover some web sites that we consider you’ll value, just click the hyperlinks over[…]

  34. fiverrearn.com

    […]although sites we backlink to below are considerably not connected to ours, we feel they may be really really worth a go via, so possess a look[…]

  46. jute rugs

    […]just beneath, are a lot of completely not associated internet sites to ours, nevertheless, they are surely worth going over[…]

  47. seo in Saudi Arabia

    […]Wonderful story, reckoned we could combine a number of unrelated data, nonetheless seriously really worth taking a search, whoa did 1 learn about Mid East has got additional problerms as well […]

  54. texas french bulldog puppies for sale

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nonetheless definitely really worth taking a appear, whoa did one master about Mid East has got more problerms at the same time […]

  73. citi.com/activate

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nevertheless genuinely really worth taking a look, whoa did one particular find out about Mid East has got far more problerms at the same time […]

  75. Classic Books 500

    […]we like to honor lots of other web web sites on the internet, even if they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  77. FiverrEarn

    […]Every the moment inside a while we decide on blogs that we read. Listed below would be the most current web pages that we choose […]

  78. FiverrEarn

    […]please pay a visit to the web-sites we adhere to, including this one particular, as it represents our picks through the web[…]

  79. Fiverr.Com

    […]just beneath, are many absolutely not associated websites to ours, having said that, they are certainly worth going over[…]

  82. FiverrEarn

    […]Every once in a even though we opt for blogs that we study. Listed beneath are the most up-to-date internet sites that we decide on […]

  83. FiverrEarn

    […]although internet websites we backlink to below are considerably not associated to ours, we really feel they are essentially worth a go via, so possess a look[…]

  88. fast lean pro website

    […]Wonderful story, reckoned we could combine a few unrelated data, nevertheless definitely really worth taking a search, whoa did one understand about Mid East has got far more problerms at the same time […]

  92. Tips

    […]check beneath, are some absolutely unrelated web sites to ours, even so, they may be most trustworthy sources that we use[…]

  98. FiverrEarn

    […]that could be the finish of this write-up. Right here you’ll locate some web sites that we consider you’ll enjoy, just click the links over[…]

  103. FiverrEarn

    […]Every when inside a whilst we decide on blogs that we study. Listed beneath are the most recent websites that we pick out […]

  104. FiverrEarn

    […]we like to honor quite a few other online web sites on the internet, even if they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  105. FiverrEarn

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless definitely worth taking a look, whoa did a single discover about Mid East has got additional problerms at the same time […]

  111. seo company johannesburg

    […]we like to honor numerous other net internet sites on the internet, even if they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  112. web design

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless genuinely really worth taking a look, whoa did 1 discover about Mid East has got a lot more problerms too […]

  116. FiverrEarn

    […]Wonderful story, reckoned we could combine several unrelated data, nonetheless actually really worth taking a appear, whoa did one discover about Mid East has got additional problerms also […]

  118. cheap sex cams

    […]that would be the end of this report. Right here you’ll uncover some web pages that we consider you will appreciate, just click the links over[…]

  120. live sex cams

    […]check below, are some completely unrelated internet sites to ours, on the other hand, they may be most trustworthy sources that we use[…]

  122. frt trigger

    […]very few websites that happen to be comprehensive beneath, from our point of view are undoubtedly effectively really worth checking out[…]

  125. Slot Asia

    […]that could be the end of this write-up. Right here you’ll find some sites that we think you’ll appreciate, just click the hyperlinks over[…]

  134. pg slot

    […]Wonderful story, reckoned we could combine a few unrelated data, nonetheless actually really worth taking a search, whoa did one study about Mid East has got more problerms as well […]

  140. sicarios madrid

    […]although internet websites we backlink to beneath are considerably not connected to ours, we feel they may be truly worth a go through, so have a look[…]

  141. SaaS Law Firm

    […]Every when in a although we choose blogs that we study. Listed beneath would be the most current sites that we choose […]

  146. ItMe.Xyz

    […]Every when inside a when we decide on blogs that we read. Listed below would be the latest web sites that we select […]

  148. itme.xyz

    […]Every as soon as in a even though we decide on blogs that we study. Listed below would be the latest web pages that we pick […]

  151. satoshi t shirt

    […]check below, are some absolutely unrelated sites to ours, nevertheless, they may be most trustworthy sources that we use[…]

  153. izcalli

    […]here are some hyperlinks to web pages that we link to due to the fact we assume they may be really worth visiting[…]

  156. cheap adult webcams

    […]just beneath, are several absolutely not connected internet sites to ours, nonetheless, they may be certainly really worth going over[…]

  160. cuautitlan izcalli clima

    […]although sites we backlink to beneath are considerably not connected to ours, we really feel they are in fact really worth a go through, so have a look[…]

  164. Delta

    […]here are some links to sites that we link to due to the fact we believe they are really worth visiting[…]

  178. 늑대닷컴

    […]just beneath, are various totally not associated web pages to ours, on the other hand, they are certainly worth going over[…]

  179. richest vietnamese american

    […]Wonderful story, reckoned we could combine a number of unrelated information, nonetheless really worth taking a search, whoa did one particular understand about Mid East has got far more problerms at the same time […]

  184. french bulldog texas

    […]Every the moment inside a although we choose blogs that we study. Listed beneath would be the most up-to-date web sites that we select […]

  185. linh hoang

    […]very few internet websites that transpire to be in depth beneath, from our point of view are undoubtedly effectively really worth checking out[…]

  191. french pitbull

    […]that would be the finish of this article. Right here you will find some sites that we consider you’ll enjoy, just click the links over[…]

  193. How To Get My Dog Papers

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless truly really worth taking a appear, whoa did 1 learn about Mid East has got far more problerms at the same time […]

  195. Dog Registry

    […]that would be the end of this write-up. Here you will obtain some web-sites that we feel you will enjoy, just click the links over[…]

  200. Dog Registry

    […]that may be the end of this post. Right here you will find some web-sites that we feel you will enjoy, just click the hyperlinks over[…]

  204. french bulldog rescue

    […]although websites we backlink to beneath are considerably not connected to ours, we really feel they’re actually worth a go through, so possess a look[…]

  206. French Bulldog Adoption

    […]that would be the end of this post. Right here you’ll discover some web pages that we believe you will value, just click the links over[…]

  210. clima tultitlán

    […]check beneath, are some absolutely unrelated internet websites to ours, having said that, they may be most trustworthy sources that we use[…]

  212. magnolia bjj

    […]check below, are some absolutely unrelated web sites to ours, nevertheless, they may be most trustworthy sources that we use[…]

Top