Children's Place surprises with quarterly profit, beating guidance for a loss [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 surprises with quarterly profit, beating guidance for a loss Children's Place Inc. PLCE, +3.36% shares soared 7% in Wednesday premarket trading after the retailer reported a first-quarter profit compared with FactSet consensus for a loss. Net income totaled $4.5 million, or 28 cents per share, down from $31.5 million last year, or $1.78 per share. Adjusted EPS was 36 cents per share. FactSet was guiding for a loss of 47 cents per share. Sales of $412.4 million were down from $436.3 million last year but beat the FactSet consensus for $400.0 million. Same-store sales fell 4.6%, also beating the FactSet guidance for a 7.8% decline. "Our Q1 results significantly exceeded our expectations despite our 70% store overlap with the approximately 800 Gymboree and Crazy 8 liquidations that occurred in Q1 and the headwind of a later Easter," said Jane Elfers, Children's Place's chief executive, in a statement. Children's Place sees second-quarter sales in the range of $415 mil
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PLCE
News
- Class Action Filed Against The Children's Place, Inc. (PLCE) – April 29, 2024 Deadline to Join – Contact Levi & KorsinskyGlobeNewswire
- PLCE Investors Have Opportunity to Lead The Children's Place, Inc. Securities Fraud LawsuitPR Newswire
- Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of The Children's Place, Inc.(PLCE) ShareholdersAccesswire
- Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of April 29, 2024 in The Children's Place, Inc. Lawsuit – PLCEAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against The Children's Place, Inc. - PLCEPR Newswire
PLCE
Earnings
- 11/16/23 - Miss
PLCE
Sec Filings
- 3/18/24 - Form 4
- 3/18/24 - Form 3
- 3/14/24 - Form 8-K
- PLCE's page on the SEC website