Children's Place -8% after disappointing profit guidance [Seeking Alpha]
Children's Place, Inc. (The) (PLCE)
Last children's place, inc. (the) earnings: 3/17 07:32 am
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Source: Seeking Alpha
The Children's Place (NASDAQ: PLCE ) reports comparable sales decreased 3.8% in Q2 vs. -4.0% consensus. A drag on sales during the quarter was the "lingering" pressure from the Gymboree liquidation Gross margin fell 150 bps to 33.0% of sales due chiefly to the deleverage of fixed expenses resulting from the decline in comparable retail sales, and increased penetration of e-commerce business, which operates at a lower gross margin rate. Merchandise margins decreased modestly, primarily as a result of traffic remaining difficult, which led to elevated promotional activity across the sector. Adjusted operating margin came in at 1.4% of sales vs. 3.5% a year ago and 1.1% consensus. Looking ahead, the retailer anticipates Q3 revenue of $530M to $535M vs. $535M consensus and EPS of $2.90 to $3.05 vs. $3.50 consensus. FY20 EPS of $5.40 to $5.75 is anticipated vs. $6.17 consensus. Shares of PLCE are premarket to $72.00. Previously: Children's Place Retail Stores E
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PLCE
News
- Gymboree Marks Historic Grand Opening at Garden State Plaza [Yahoo! Finance]Yahoo! Finance
- Gymboree Marks Historic Grand Opening at Garden State PlazaGlobeNewswire
- The Children's Place, Inc. (NASDAQ: PLCE) had its price target lowered by analysts at UBS Group AG from $18.00 to $17.00. They now have a "neutral" rating on the stock.MarketBeat
- Philip Ende Joins The Children’s Place as Head of Real EstateGlobeNewswire
- THE CHILDREN'S PLACE ANNOUNCES LAUNCH OF STOREFRONT ON SHEINPR Newswire
PLCE
Earnings
- 6/12/24 - Miss
PLCE
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/5/24 - Form 4
- PLCE's page on the SEC website