Pier 1 Imports, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended February 25, 2017. For the quarter, the company reported net sales of $528,352,000 against $542,325,000 a year ago. Operating income was $44,756,000 against $33,608,000 a year ago. Income before income taxes was $42,653,000 against $30,308,000 a year ago. Net income was $26,641,000 against $18,675,000 a year ago. Earnings per share basic and diluted were $0.33 against $0.23 per share a year ago. EBITDA (Non-GAAP) was $58.5 million against $45.6 million a year ago. Adjusted net income (non-GAAP) was $27.8 million or $0.34 per share.

For the year, the company reported net sales of $1,828,446,000 against $1,892,230,000 a year ago. Operating income was $54,862,000 against $75,208,000 a year ago. Income before income taxes was $45,259,000 against $63,165,000 a year ago. Net income was $30,129,000 against $39,634,000 a year ago. Earnings per share diluted were $0.37 against $0.46 per share a year ago. Net cash provided by operating activities was $115,738,000 against $164,047,000 a year ago. Capital expenditures were $44,181,000 against $51,813,000 a year ago. EBITDA (Non-GAAP) was $110.6 million against $125.2 million a year ago. Adjusted net income (non-GAAP) was $35.7 million or $0.44 per share.

For the first quarter, the company expects comparable sales growth of 1% to 2%. Loss per share of range between $0.07 to $0.03 per share. Net sales growth of Flat to 1%.

For the year, the company expects comparable sales growth of 1% to 2%. Earnings per share of range between $0.46 to $0.52 per share. Net sales growth of 2% to 3%. Capital expenditure of approximately $55 million.