The Children’s Place: Fiscal 3Q Earnings Snapshot
SECAUCUS, N.J. (AP) _ The Children’s Place Retail Stores Inc. (PLCE) on Thursday reported fiscal third-quarter earnings of $49.9 million.
On a per-share basis, the Secaucus, New Jersey-based company said it had net income of $3.03. Earnings, adjusted for one-time gains and costs, were $3.07 per share.
The children’s clothing and accessories chain posted revenue of $522.5 million in the period.
For the current quarter ending in January, The Children’s Place expects its per-share earnings to range from $2.07 to $2.17. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.69.
The company said it expects revenue in the range of $547 million to $552 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $571.5 million.
The Children’s Place expects full-year earnings in the range of $7.69 to $7.79 per share, with revenue expected to be $1.96 billion.
The Children’s Place shares have decreased 15 percent since the beginning of the year. The stock has dropped 8 percent in the last 12 months.