Market Overview

UPDATE: Children's Place Posts Drop In Q4 Earnings, Issues Weak Outlook

Related PLCE
10 Stocks To Watch For August 9, 2017
Earnings Scheduled For August 9, 2017

The Children's Place Retail Stores (NASDAQ: PLCE) reported an 18% drop in its fiscal fourth-quarter earnings.

For the full year, Children's Place projects earnings of $2.85 to $3.05 per share, versus analysts' estimates of $3.65 per share.

Children's Place posted its quarterly earnings of $15.7 million, or $0.69 per share, versus $19.1 million, or $0.80 per share, in the year-ago period. Excluding special items, its adjusted earnings came in at $0.96 per share. The company has expected earnings of $0.90 to $0.98 per share.

Its revenue slipped 8.2% to $467.5 million, while same-store sales fell 4.3%.. However, analysts were projecting revenue of $484 million.

Children's Place shares tumbled 9.49% to $49.51 in pre-market trading.

Posted-In: profitEarnings News Guidance


Related Articles (PLCE)

View Comments and Join the Discussion!

Partner Center