Children's Place stock plummets 17% after sales miss, guidance cut [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 stock plummets 17% after sales miss, guidance cut Children's Place Inc. PLCE, +1.09% stock plummeted 17.6% in Wednesday premarket trading after the retailer reported a third-quarter sales miss and cut its guidance. Net income totaled $43.0 million, or $2.77 per share, down from $49.9 million, or $3.03 per share, last year. Adjusted EPS of $3.03 was ahead of the $3.02 FactSet consensus. Sales of $524.8 million were up from $522.5 million but missed the $534.0 million FactSet consensus. Same-store sales were up 0.8%, well below the 3.5% growth FactSet forecast. The retailer faced a number of headwinds, including warm weather into late October, according to a statement from Chief Executive Jane Elfers. Weak quarter-to-date mall traffic has prompted a guidance cut in the fourth quarter. The company now expects sales in the range of $504 million to $509 million, a mid-single digit same-store sales decline and adjusted EPS in the range of $1.48 to $1.68. The FactSet cons
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News
- PLCE Investors Have Opportunity to Lead The Children's Place, Inc. Securities Fraud LawsuitPR Newswire
- The Children's Place, Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before April 29, 2024 to Discuss Your Rights - PLCEAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against The Children’s Place, Inc. - PLCEAccesswire
- Levi & Korsinsky Reminds The Children's Place, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 29, 2024 – PLCEGlobeNewswire
- Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of April 29, 2024 in The Children's Place Lawsuit - PLCEAccesswire
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