Children's Place -8% after disappointing profit guidance [Seeking Alpha]
Last childrens place earnings: 12/11 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
- Childrens Place Inc (NASDAQ: PLCE) was downgraded by analysts at Wedbush from an "outperform" rating to a "neutral" rating.MarketBeat
- Childrens Place Inc (NASDAQ: PLCE) had its "neutral" rating re-affirmed by analysts at B. Riley. They now have a $59.00 price target on the stock.MarketBeat
- Children's Place Inc (PLCE) Q3 2019 Earnings Call Transcript [The Motley Fool]The Motley Fool
- Children's Place stock plummets 17% after sales miss, guidance cut [MarketWatch]MarketWatch
- The Children’s Place Continues Capital Return Program, Declares Quarterly DividendGlobeNewswire
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PLCE
SEC Filings
- 12/11/19 - Form 10-Q
- 12/11/19 - Form 8-K
- 12/3/19 - Form 4
- PLCE's page on the SEC website
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