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-0.00348326518249287 0.00530062092988049 0.00484628199303358 0.00333181887021049 0.0449795547478419 0.0858700590640618 0.145842798727851 0.0720884446463729
Stock impact report

Children's Place -8% after disappointing profit guidance [Seeking Alpha]

CHILDRENS PLACE (PLCE)  More Company Research Source: Seeking Alpha
Last childrens place earnings: 12/11 07:00 am Check Earnings Report
PDF 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 [Read more]
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