Pier 1 Imports, Inc. announced preliminary earnings guidance for the fourth quarter and full year ended February 25, 2017. Net sales for the fourth quarter decreased approximately 2.6% compared to the same period a year ago as the average number of stores declined approximately 3%. The company's comparable sales, which includes e-Commerce, increased approximately 0.2%. E-Commerce sales grew 28% as compared to the same period a year ago and represented approximately 19.5% of net sales in the fourth quarter. Fourth quarter earnings per share (GAAP) is expected to range from $0.31 to $0.33 per share, which compares favorably to prior guidance of $0.26 to $0.30 per share. Fourth quarter adjusted earnings per share (non-GAAP) is expected to range from $0.32 to $0.34 per share, compared to prior guidance of $0.28 to $0.32 per share. The company's adjusted earnings per share guidance excludes estimated costs of approximately $2 million in the fourth quarter related to the departure of the company's former Chief Executive Officer. Net sales for full-year fiscal 2017 decreased approximately 3.4% compared to the prior fiscal year as the average number of stores declined approximately 3%. The company's comparable sales, which includes e-Commerce, decreased approximately 1.0%. E-Commerce sales grew 20% as compared to the same period a year ago and represented approximately 20% of net sales in fiscal year 2017. Full-year fiscal 2017 earnings per share (GAAP) is expected to range from $0.35 to $0.37 per share, which compares favorably to prior guidance of $0.30 to $0.34 per share. Full-year fiscal 2017 adjusted earnings per share (non-GAAP) is expected to range from $0.42 to $0.44 per share, compared to prior guidance of $0.37 to $0.41. The company's adjusted earnings per share guidance excludes estimated costs of approximately $10 million in the year related to the departure of the company's former Chief Executive Officer.