Pier 1 stock is not out of compliance according to the NYSE listing rules; may reverse split stock to boost share value over $1 dollar.
Pier 1 reports 11.9% drop in Q3 net sales. Sales dropped from $469.2 million to $413.2 million. Operating losses during Q3 totaled $20.8 million. After 39 weeks total net totaled $1.14 billion; down from $1.29 billion.