Children's Place shares headed toward a three-year low after sales miss, weak guidance [MarketWatch]
Children's Place, Inc. (The) (PLCE)
Last children's place, inc. (the) earnings: 3/17 07:32 am
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Source: MarketWatch
Children's Place shares headed toward a three-year low after sales miss, weak guidance Children's Place Inc. PLCE, -3.23% stock sank 12.5% in Wednesday premarket trading, heading to an open at a three-year low, after the retailer reported second-quarter sales that missed expectations and gave weak guidance. Net income totaled $1.5 million, or 10 cents per share, down from $7.5 million, or 45 cents per share, last year. Adjusted EPS of 19 cents beat the FactSet consensus of 18 cents per share. Sales of $420.5 million was also down from $448.7 million and missed the FactSet guidance for $427.0 million. Same-store sales fell 3.8%, below the 2.8% decline FactSet expected. Jane Elfers, chief executive of Children's Place, said there was "lingering pressure from the Q1 Gymboree liquidation" and traffic was weaker than expected, which led to more promotions in the sector. "[W]e believe it is prudent to assume an elevated promotional environment for the back half of 2019," the statement sa
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News
- Contact Levi & Korsinsky by April 29, 2024 Deadline to Join Class Action Against The Children's Place, Inc.(PLCE)Accesswire
- The Children's Place, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before April 29, 2024 to Discuss Your Rights - PLCEAccesswire
- SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of The Children's PlacePR Newswire
- The Children's Place, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before April 29, 2024 to Discuss Your Rights - PLCEAccesswire
- IMMINENT PLCE DEADLINE: Bronstein, Gewirtz & Grossman LLC Reminds Children's Place, Inc. Investors to Join the Class Action Lawsuit!Accesswire
PLCE
Earnings
- 11/16/23 - Miss
PLCE
Sec Filings
- 4/18/24 - Form SC
- 4/18/24 - Form NT
- 4/18/24 - Form 8-K
- PLCE's page on the SEC website