UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) April 1, 2004
PIER 1 IMPORTS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-7832 75-1729843
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification Number)
301 Commerce Street, Suite 600, Fort Worth, Texas 76102
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(Address of principal executive offices, including zip code)
(817) 252-8000
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(Registrant's telephone number, including area code)
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
Exhibit No. Description
99.1 Press release dated April 1, 2004 containing the financial
results for the fourth quarter and fiscal year ended
February 28, 2004.
Item 12. Results of Operations and Financial Condition
The information contained in this Current Report is being furnished
pursuant to "Item 12. Results of Operations and Financial Condition". The
information in this Current Report on Form 8-K and the exhibit attached
hereto shall not be deemed to be filed for the purposes of Section 18 of
the Securities and Exchange Act of 1934, as amended, or otherwise subject
to liabilities of that section or Sections 11 and 12(a)(2) of the
Securities Act of 1933, as amended.
On April 1, 2004, Pier 1 Imports, Inc. (the "Company") issued a press
release announcing the Company's financial results for the fourth quarter
and fiscal year ended February 28, 2004. A copy of this press release is
attached hereto as Exhibit 99.1.
The press release furnished herewith uses the non-GAAP financial measure of
earnings per share ("EPS"), excluding the effect of an after-tax charge to
expense of $1.6 million related to the settlement of a lawsuit filed in
California. As no similar charge was recorded in the prior periods, the
Company believes that the presentation of this non-GAAP EPS financial
measure supplements the analysis of the Company's performance and business
operations in the current period compared to other periods presented.
Previous EPS guidance issued by the Company did not include the effects of
the litigation charge; therefore, the presentation of this non-GAAP EPS
financial measure is intended to supplement investors' understanding of the
Company's operating performance.
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PIER 1 IMPORTS, INC.
Date: April 2, 2004 By: /s/ J. Rodney Lawrence
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J. Rodney Lawrence, Executive Vice President
and Secretary
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EXHIBIT INDEX
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Exhibit No. Description
99.1 Press release dated April 1, 2004 containing the financial
results for the fourth quarter and fiscal year ended
February 28, 2004.
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