Children's Place -8% after disappointing profit guidance [Seeking Alpha]
Last childrens place earnings: 8/21 07:00 am
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml?c=120577&p=irol-irhome
The Children's Place (NASDAQ: PLCE ) reports comparable sales decreased 3.8% in Q2 vs. -4.0% consensus. A drag on sales during the quarter was the "lingering" pressure from the Gymboree liquidation Gross margin fell 150 bps to 33.0% of sales due chiefly to the deleverage of fixed expenses resulting from the decline in comparable retail sales, and increased penetration of e-commerce business, which operates at a lower gross margin rate. Merchandise margins decreased modestly, primarily as a result of traffic remaining difficult, which led to elevated promotional activity across the sector. Adjusted operating margin came in at 1.4% of sales vs. 3.5% a year ago and 1.1% consensus. Looking ahead, the retailer anticipates Q3 revenue of $530M to $535M vs. $535M consensus and EPS of $2.90 to $3.05 vs. $3.50 consensus. FY20 EPS of $5.40 to $5.75 is anticipated vs. $6.17 consensus. Shares of PLCE are premarket to $72.00. Previously: Children's Place Retail Stores E
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PLCE
News
- Children's Place relaunching Gymboree in stores and online in early 2020 [MarketWatch]MarketWatch
- Childrens Place Inc (NASDAQ: PLCE) had its price target raised by analysts at Zacks Investment Research to $106.75.MarketBeat
- Iconic Gymboree Brand Relaunch Planned for Early 2020GlobeNewswire
- Childrens Place Inc (NASDAQ: PLCE) was downgraded by analysts at BidaskClub from a "sell" rating to a "strong sell" rating.MarketBeat
- Childrens Place Inc (NASDAQ: PLCE) was downgraded by analysts at ValuEngine from a "buy" rating to a "hold" rating.MarketBeat
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PLCE
SEC Filings
- 8/27/19 - Form 10-Q
- 8/21/19 - Form 8-K
- 8/12/19 - Form 4
- PLCE's page on the SEC website
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