The Children’s Place: Fiscal 4Q Earnings Snapshot
SECAUCUS, N.J. (AP) _ The Children’s Place Retail Stores Inc. (PLCE) on Tuesday reported fiscal fourth-quarter profit of $24.2 million.
The Secaucus, New Jersey-based company said it had profit of $1.61 per share. Earnings, adjusted for one-time gains and costs, were $1.85 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The children’s clothing and accessories chain posted revenue of $513 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $512.4 million.
For the year, the company reported profit of $73.3 million, or $4.68 per share. Revenue was reported as $1.87 billion.
The Children’s Place shares have declined 54% since the beginning of the year. The stock has declined 69% in the last 12 months.