This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Pier 1 Imports, Inc. Reports Second Quarter Financial Results

Financial Disclosure Advisory

This release references non-GAAP information for the three and six months ended August 25, 2012 as shown in the table below.
Three Months Ended Six Months Ended
August 25, 2012 August 25, 2012
($ in millions, except per share amounts)
Net Income (GAAP) $ 26.2 $ 44.1
Add back: Income Tax Provision (GAAP)   8.6     18.8  
Income Before Income Taxes (GAAP) 34.9 62.9
Interest Expense Adjustment Related to Uncertain Tax Positions   (2.8 )   (2.8 )
Adjusted Income Before Income Taxes (non-GAAP) 32.1 60.1
Adjusted Income Tax Provision at Estimated 35.6% Annual Effective Tax Rate   11.4     21.4  
Adjusted Net Income (non-GAAP) $ 20.7   $ 38.7  
Earnings per Share (GAAP) $ 0.24 $ 0.40
Interest Expense Adjustment Related to Uncertain Tax Positions (0.02 ) (0.02 )
Difference of Income Tax Provision at Estimated 35.6% Annual Effective Tax Rate   (0.03 )   (0.03 )
Adjusted Earnings per Share (non-GAAP) $ 0.19   $ 0.35  

The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). The Company believes that the non-GAAP financial measures included in this press release allow management and investors to understand and compare the Company’s earnings per share results in a more consistent manner for the three and six months ended August 25, 2012. The non-GAAP measures should be considered supplemental and not a substitute for the Company’s net income and earnings per share results that will be recorded in accordance with GAAP for the periods presented.

5 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,635.16 +162.79 0.99%
S&P 500 1,962.91 +11.55 0.59%
NASDAQ 4,743.1120 +35.3370 0.75%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs