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Pier 1 Imports

OverviewSuggest Edit

Pier 1 Imports is an omnichannel retailer specializing in imported home furnishings and decor, particularly furniture, table-top items, decorative accessories, and seasonal decor. The Company's merchandise consists of home furnishings and items including accessories such as candles, vases, and picture frames as well as full-sized upholstered furniture, hand-carved armoires, large-scale vases and eclectic wall décor. Items are imported, created in conjunction with foreign designers, or produced by Pier 1's Trend and Product Development team.

TypePublic
Founded1962
HQFort Worth, USMap
Websitepier1.com
Employee Ratings3.4More
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Latest Updates

Employees (est.) (Mar 2019)4,000(-11%)
Job Openings703
Revenue (FY, 2019)$1.6 B(-13%)
Share Price (Dec 2019)$7.5 (-2%)

Key People/Management at Pier 1 Imports

Alasdair B. James

Alasdair B. James

President and Chief Executive Officer
Michael R. Benkel

Michael R. Benkel

Executive Vice President, Global Supply Chain
Kelly N. Cook

Kelly N. Cook

Executive Vice President, Marketing and Chief Marketing Officer
Mark R. Haley

Mark R. Haley

Executive Vice President, Store Sales and Operations
Stacey L. Renfro

Stacey L. Renfro

Executive Vice President, Planning and Allocations
William H. Savage

William H. Savage

Executive Vice President, Global Sourcing
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Pier 1 Imports Office Locations

Pier 1 Imports has an office in Fort Worth
Fort Worth, US (HQ)
100 Pier 1 Pl
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Pier 1 Imports Financials and Metrics

Pier 1 Imports Revenue

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Pier 1 Imports's revenue was reported to be $1.55 b in FY, 2019
USD

Revenue (Q2, 2020)

304.6m

Gross profit (Q2, 2020)

50.8m

Gross profit margin (Q2, 2020), %

16.7%

Net income (Q2, 2020)

(100.6m)

EBIT (Q2, 2020)

(93.1m)

Market capitalization (11-Dec-2019)

33.0m

Closing stock price (11-Dec-2019)

7.5

Cash (31-Aug-2019)

10.0m

EV

284.3m
Pier 1 Imports's current market capitalization is $33 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

1.5b1.7b1.8b1.9b1.9b1.8b1.8b1.6b

Revenue growth, %

5%1%(3%)(2%)

Cost of goods sold

882.4m961.8m1.0b1.1b1.2b1.1b1.1b1.1b

Gross profit

651.2m743.1m745.6m749.7m705.0m697.3m658.2m450.9m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

334.6m339.6m382.7m361.1m367.6m424.5m394.9m395.6m465.5m419.1m418.6m484.5m432.0m430.0m472.5m418.4m405.8m475.9m409.5m407.6m469.2m371.9m355.3m413.2m314.3m304.6m

Cost of goods sold

200.5m205.0m217.2m210.8m216.1m238.3m227.3m234.3m263.2m251.3m256.0m279.6m267.3m280.4m294.1m269.4m260.8m279.5m257.9m267.4m292.5m251.7m261.8m282.7m235.5m253.8m

Gross profit

134.1m134.5m165.5m150.3m151.5m186.3m167.6m161.3m202.2m167.7m162.6m204.9m164.7m149.5m178.5m149.0m145.0m196.4m151.6m140.2m176.7m120.1m93.5m130.5m78.8m50.8m

Gross profit Margin, %

40%40%43%42%41%44%42%41%43%40%39%42%38%35%38%36%36%41%37%34%38%32%26%32%25%17%
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

287.9m231.6m135.4m54.9m

Accounts Receivable

16.3m22.3m22.1m21.2m

Prepaid Expenses

23.5m49.0m48.8m49.9m

Inventories

322.5m356.1m377.7m478.8m405.9m401.0m347.4m347.6m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

304.0m190.8m179.3m217.9m115.1m120.8m241.9m80.2m116.8m71.1m30.5m10.0m

Accounts Receivable

15.9m14.1m26.6m21.6m21.7m35.0m20.4m22.2m36.6m21.8m24.5m45.0m25.9m25.6m40.8m25.6m20.8m39.1m24.7m22.3m43.1m23.5m24.2m36.3m18.5m25.6m

Prepaid Expenses

27.2m20.3m21.5m31.8m24.8m25.4m50.5m44.0m51.8m56.7m48.5m50.5m

Inventories

315.1m370.7m367.9m333.5m420.8m417.5m383.3m444.7m429.1m417.6m513.8m535.5m501.7m533.6m503.0m421.1m481.3m479.8m418.4m457.3m418.9m329.7m386.7m388.3m327.2m328.6m
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Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

168.9m129.4m107.5m75.2m39.6m30.1m11.6m(198.8m)

Depreciation and Amortization

30.9m38.4m45.8m54.3m55.8m54.6m61.4m59.5m

Inventories

(10.7m)(33.6m)(22.0m)(100.0m)73.0m4.9m53.5m(540.0k)

Accounts Payable

7.5m(5.5m)14.0m26.3m(33.6m)(5.7m)(33.8m)32.2m
Quarterly
USDQ1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

14.1m30.7m53.7m17.8m44.1m67.7m20.3m38.2m64.9m15.1m24.2m42.1m6.9m10.0m21.0m(6.0m)(10.1m)3.5m(3.0m)(10.8m)(3.4m)(28.5m)(79.6m)(130.0m)(81.7m)(182.3m)

Depreciation and Amortization

9.7m16.6m23.1m8.7m17.6m27.5m10.7m21.9m33.6m12.0m25.1m39.5m13.5m27.5m41.4m15.4m30.5m45.3m15.8m31.0m45.9m14.9m29.8m44.1m14.3m28.1m

Inventories

(3.3m)(58.9m)(56.1m)(11.0m)(98.3m)(95.1m)(27.3m)(88.6m)(73.0m)(40.0m)(136.1m)(157.9m)(22.8m)(54.8m)(24.2m)(15.2m)(75.4m)(74.0m)(17.4m)(56.4m)(17.9m)17.6m(39.3m)(41.3m)20.2m18.9m

Accounts Payable

(825.0k)10.0m12.7m1.8m11.5m8.4m37.3m34.5m51.7m44.8m32.0m60.1m33.0m(21.0m)3.6m49.1m9.7m41.9m34.1m(5.5m)14.9m34.2m115.3m104.9m(944.0k)18.8m
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USDY, 2019

EV/EBIT

-3.1 x

EV/CFO

-2.6 x

Debt/Equity

-2.9 x

Debt/Assets

0.2 x

Financial Leverage

-13.3 x
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Pier 1 Imports Operating Metrics

Pier 1 Imports's Stores was reported to be 1 k in Q1, 2018.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018

Retail Space, sq. ft.

8.41 m8.40 m8.32 m8.34 m8.17 m8.12 m8.09 m8.08 m8.05 m8.03 m

Stores

1.07 k1.06 k1.05 k1.06 k1.03 k1.03 k1.02 k1.02 k1.02 k1.02 k
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Pier 1 Imports Revenue Breakdown

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Pier 1 Imports revenue breakdown by business segment: 99.3% from Retail Sales and 0.7% from Other

Pier 1 Imports Online and Social Media Presence

Pier 1 Imports's Trends

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Pier 1 Imports News and Updates

July 17, 2019

We shopped at Walmart and Pier 1 Imports to see which store is better for home-goods shopping (WMT, PIR)

Pier 1 Imports, once a leading home-decor retailer, has hit turbulent waters. The company announced it would close 57 stores by 2020, after a period of poor sales.  Walmart, meanwhile, is making gains in the home-goods sector online. We visited both stores to see which is better for shopping fo…
July 10, 2019

We shopped at TJ Maxx and Pier 1 Imports to see which store is better for home goods — and the winner was unexpected (PIR, TJX)

The home-goods retail sector is saturated with options — and some are better than others. Pier 1 Imports was once a leading player in the market, but it has since fallen behind other competitors like Target, Amazon, and TJ Maxx. We visited Pier 1 Imports and TJ Maxx to see which store is better f…
April 17, 2019

Pier 1 Imports fourth-quarter results disappoint, CFO departs

Pier 1 Imports Inc's Chief Financial Officer Nancy Walsh is leaving after a year in the job at the struggling home furnishing retailer, which reported a bigger-than-expected loss in the fourth quarter on Wednesday.
April 17, 2019

Pier 1 Imports to close up to 145 stores in yet another attempt to stall steep decline

Pier 1 Imports plans to close at least 45 stores and potentially up to 100 more as it seeks to cut costs after another disappointing holiday season.
January 24, 2019

Thinking about buying stock in American Airlines, Boxlight Corp, Microbot Medical, Pier 1 Imports or Snap Inc.?

NEW YORK, Jan. 24, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AAL, BOXL, MBOT, PIR, and SNAP. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....
January 09, 2019

Thinking about buying stock in Aurora Cannabis Inc, Canopy Growth Corp, Chesapeake Energy, Pier 1 Imports or Constellation Brands?

NEW YORK, Jan. 9, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ACB, CGC, CHK, PIR, and STZ. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link. ACB: ...
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 Pier 1 Imports Frequently Asked Questions

  • When was Pier 1 Imports founded?

    Pier 1 Imports was founded in 1962.

  • Who are Pier 1 Imports key executives?

    Pier 1 Imports's key executives are Alasdair B. James, Michael R. Benkel and Kelly N. Cook.

  • How many employees does Pier 1 Imports have?

    Pier 1 Imports has 4,000 employees.

  • What is Pier 1 Imports revenue?

    Latest Pier 1 Imports annual revenue is $1.6 b.

  • What is Pier 1 Imports revenue per employee?

    Latest Pier 1 Imports revenue per employee is $388.2 k.

  • Who are Pier 1 Imports competitors?

    Competitors of Pier 1 Imports include Ikea, Serena & Lily and Ethan Allen Interiors.

  • Where is Pier 1 Imports headquarters?

    Pier 1 Imports headquarters is located at 100 Pier 1 Pl, Fort Worth.

  • Where are Pier 1 Imports offices?

    Pier 1 Imports has an office in Fort Worth.

  • How many offices does Pier 1 Imports have?

    Pier 1 Imports has 1 office.