Children's Place stock soars after surprise profit [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 Inc. stock soared 12.2% in Tuesday premarket trading after the kids clothing and accessories chain reported a surprise fourth-quarter profit and sales that beat expectations. Net income totaled $7.8 million, or 53 cents per share, down from $24.2 million, or $1.61 per share, last year. Adjusted EPS of $1.01 was well ahead of the FactSet consensus for a 23-cent loss. Sales of $472.9 million were down from $513.0 million last year and beat the FactSet consensus for $421.0 million. Digital sales were up 38%, accounting for 46% of total sales. "With no significant COVID-19 temporary U.S. store closures during the quarter, U.S. store sales were better than expected at 81% of last year's levels with traffic down approximately 35%," said Jane Elfers, chief executive of the company, in a statement. However, about two-thirds of Canadian stores were closed due to the pandemic with sales at 52% of last year's levels and traffic reduced by 62%. Children's Place permanently shutte
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News
- FINAL DEADLINE IMMINENT: The Schall Law Firm Encourages Investors in The Children's Place, Inc. with Losses of $100,000 to Contact the FirmAccesswire
- 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
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