On Thursday, Pier 1 Imports, Inc. (NYSE:PIR)’s shares gained 9.01%, and closed at $13.79, after Pier 1 stated financial results for the fourth quarter and fiscal year ended February 28, 2015.
Net revenue for the fourth quarter ended February 28, 2015, was $33.1 million, or $0.37 per share, contrast to $42.6 million, or $0.41 per share in the fourth quarter ended March 1, 2014. In the fourth quarter of fiscal 2015, non-GAAP adjusted net revenue (not including the after-tax effect of retirement related expenses for the Corporation’s former chief financial officer) was $35.1 million, or $0.39 per share. Total sales for the fourth quarter were $543.6 million contrast to $515.8 million in the same period last year. Corporation comparable sales raised 5.7% (6.4% on a constant currency basis after adjusting for a 70 basis point influence attributable to the year-over-year devaluation of the Canadian Dollar) and reflect raises in brand traffic and average ticket, and online conversion.
Merchandise margin (the result of adding back delivery, fulfillment and store occupancy costs to gross profit) in the fourth quarter totaled $302.1 million, or 55.6% of total sales, contrast to $292.0 million, or 56.6% of total sales in the fourth quarter of fiscal 2014. The year-over-year decline in merchandise margin, as a percentage of total sales, is attributable to about $6.0 million of raised supply chain expenses, primarily incremental costs incurred within the Corporation’s distribution network during the quarter. Incremental costs related to the Corporation’s distribution network – which influences merchandise margin – will be ongoing in the first quarter of fiscal 2016, and will affect the first and second quarters. Gross profit in the fourth quarter totaled $214.4 million, or 39.4% of total sales, contrast to $214.4 million, or 41.6% of total sales in the fourth quarter of fiscal 2014.
Pier 1 Imports, Inc. is engaged in the retail sale of decorative home furnishings, furniture, gifts, and related products. It sells various decorative accessories, such as decorative accents and textiles comprising rugs, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, bath and fragrance products, candles, seasonal, and gift products.
TASER International Inc. (NASDAQ:TASR)’s shares jumped 8.90%, and settled at $27.40, during the last trading session on Thursday, after TASER declared the purchase of 178 AXON body-worn video cameras and a one-year subscription to EVIDENCE.com by the City of London Police Department. This order was received and shipped in the first quarter of 2015.
The evidence collected from the cameras will be securely stored and managed through the EVIDENCE.com platform. This turn-key solution is the most cost effective method to deploy body-worn video, while meeting or surpassing all appropriate UK security standards.
TASER International, Inc. develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. It operates through two segments, TASER Weapons and AXON. The corporation’s CEW products transmit electrical pulses along the wires and into the body affecting the sensory and motor functions of the peripheral nervous system.
At the end of Thursday’s trade, Forum Energy Technologies, Inc. (NYSE:FET)’s shares climbed 6.43%, and closed at $21.86, as on April 1, Forum Energy declared that it will host its first quarter 2015 earnings conference call at 9:00 AM CDT on Friday, April 24, 2015. Forum will issue a press release regarding its first quarter 2015 earnings preceding to the conference call.
Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry in the United States and internationally. The corporation operates in two segments, Drilling & Subsea, and Production & Infrastructure.
PDC Energy, Inc. (NASDAQ:PDCE), ended its Thursday’s trading session with 5.95% gain, and closed at $55.76, as an independent exploration and production corporation, declared plans to host a conference call with investors to talk about first quarter 2015 results. Conference call materials will be accessible on the Corporation’s website, www.pdce.com, at the time of the call.
The Corporation plans to issue its 2015 first quarter news release before market open on Thursday, May 7, 2015.
PDC is planned to present at the following conference: IPAA Oil and Gas Investment Symposium in New York, New York on Tuesday, April 21, 2015. The related slide presentation is predictable to be accessible on PDC’s website, at www.pdce.com, at the start of the presentation.
PDC Energy, Inc., an independent exploration and production corporation, attains, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The corporation operates in two segments: Oil and Gas Exploration and Production, and Gas Marketing.
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