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Pier 1 Imports, Inc. Announces Fiscal 2013 Third Quarter Sales And Expected Earnings Per Share

Third Quarter Conference Call Information and December Sales Release

The Company will announce fiscal 2013 third quarter financial results prior to market open on Thursday, December 13, 2012 and will host a conference call later that morning at 10:00 a.m. Central Time to discuss the results. Investors will be able to connect to the call through the Company’s website at www.pier1.com. The conference call can be accessed by linking through to the “Investor Relations” page to the “Events” page, or you can listen to the conference call by calling 1-800-498-7872, or if international, 1-706-643-0435. The conference ID number is 59879356.

The Company will announce fiscal 2013 December sales on January 3, 2013.

Financial Disclosure Advisory

This release references non-GAAP information for the three months ended November 24, 2012 as shown in the table below.

       
Three Months Ended
November 24, 2012
 
Expected Earnings per Share (GAAP) $0.22
Estimated Impact of Hurricane Sandy, net of tax 0.02
Difference of Income Tax Provision at Estimated 35.6% Annual Effective Tax Rate 0.01
Expected Adjusted Earnings per Share (non-GAAP) $0.25
 

The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). The Company believes that the non-GAAP financial measure included in this press release allows management and investors to understand and compare the Company’s earnings per share results in a more consistent manner for the three months ended November 24, 2012. The non-GAAP measure should be considered supplemental and not a substitute for the Company’s earnings per share results that will be recorded in accordance with GAAP for the period presented.

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