Pier 1 Imports, Inc (NYSE:PIR) is hosting a store event for shareholders and members of the buy- and sell-side analyst community later this morning at its newly remodeled Pier 1 Imports store located at 71 Fifth Avenue in Manhattan, New York, during which members of the management team will provide a general update on the Company's business. In anticipation of this event, the Company announced that based on current sales and merchandise margin trends, earnings per share are anticipated to be at least $0.18 per share for the third quarter ending November 26, 2011.


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