Children's Place Q3 Adj. EPS Misses Estimates; Slashes FY23 Outlook; Stock Down 18%

RTTNews | 367 days ago
Stocktwits
Children's Place Q3 Adj. EPS Misses Estimates; Slashes FY23 Outlook; Stock Down 18%

(RTTNews) - Specialty apparel retailer The Children's Place, Inc. (PLCE) reported Thursday that net income for the third quarter decreased to $38.48 million or $3.05 per share from $42.86 million or $3.26 per share in the prior-year quarter.

Excluding items, adjusted net loss was $3.22 per share, compared to $3.33 per share last year.

On average, four analysts polled by Thomson Reuters expected the company to report earnings of $3.56 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter declined 5.7 percent to $480.23 million from $509.12 million in the same quarter last year. Analysts expected revenues of $467.66 million for the quarter. Comparable retail sales decreased 7.3 percent for the quarter.

Looking ahead to the fourth quarter, the company expects adjusted loss in a range of $0.25 to $0.45 per share on net sales between $460 million and $465 million. Analysts expect earnings of $1.35 per share on revenues of $437.92 million for the quarter.

For fiscal 2023, the company now projects adjusted net loss in a range of $0.59 to $0.39 per share on net sales between $1.605 billion and $1.610 billion.

Previously, the company expected adjusted earnings in the range of $1.00 to $1.25 per share on net sales between $1.575 billion and $1.585 billion.

The Street is looking for earnings of $0.90 per share on revenues of $1.61 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: PLCE
Stocktwits
read more
Children's Place Slashes FY23 Outlook As Q1 Results Miss Estimates; Stock Down 16%

Children's Place Slashes FY23 Outlook As Q1 Results Miss Estimates; Stock Down 16%

Specialty apparel retailer The Children's Place, Inc. (PLCE) reported Wednesday a net loss for the first quarter of $28.83 million or $2.33 per share, compared to net income of $19.83 million or $1.43 per share in the prior-year quarter. Excluding items, adjusted net loss was $2.00 per share, compared to $1.05 per share last year.
RTTNews | 543 days ago
Dollar General Q4 Profit Rises, While Children's Place Slips To Loss

Dollar General Q4 Profit Rises, While Children's Place Slips To Loss

Retailers Dollar General Corp. (DG) and The Children's Place, Inc. (PLCE) reported on Thursday that financial results for the fourth quarter, with Dollar General profit and revenues growing from last year and Children's Place slipping to a loss with net sales also declining from last year.
RTTNews | 611 days ago
Children's Place Slashes Q4 Outlook

Children's Place Slashes Q4 Outlook

While announcing preliminary unaudited results for the fourth quarter on Monday, specialty apparel retailer The Children's Place, Inc. (PLCE) now expects loss for the fourth quarter in a range of $4.24 to $4.63 per share and adjusted loss in a range of $4.02 to $4.41 per share, down from the prior guidance range of adjusted earnings in the range of $0.50 to $0.75 per share.
RTTNews | 650 days ago
Macy's, Kohl's Q3 Results Top Estimates, While Children's Place Adj. EPS Missed

Macy's, Kohl's Q3 Results Top Estimates, While Children's Place Adj. EPS Missed

Omni-channel fashion retailer Macy's, department store chain Kohl's and specialty apparel retailer The Children's Place reported on Thursday that net profit for the third quarter approximately halved from last year, primarily on lower margins and higher expenses, apart from a single-digit percentage drop in net sales.
RTTNews | 731 days ago
Canadian Market Settles Lower; TSX Sheds 0.6%

Canadian Market Settles Lower; TSX Sheds 0.6%

The Canadian market ended notably lower on Friday, weighed down by losses in energy, industrials and materials sectors, and on uncertainty about Federal Reserve's interest rate trajectory.
RTTNews | 1 day ago
Dollar Turns In Mixed Performance Against Major Counterparts

Dollar Turns In Mixed Performance Against Major Counterparts

The U.S. dollar turned in a sluggish performance on Friday with investors assessing the Federal Reserve's likely moves with regard to interest rate reductions in the wake of most recent economic data, and Fed Chair Jerome Powell's somewhat hawkish comments.
RTTNews | 1 day ago
Tools
Economic Calendar
Market Hours
Interest Rates
Holidays Calendar
Forex Market
Forex Volatility
Forex Correlation
Forex News
forex analysis
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Indicators Heatmap
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Sentiment Indicator
Reviews
Brokers
Prop Trading Firms
VPS Services
Signal Providers
EA Programming Services
Affiliate Programs
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Crypto Exchanges
Trading Courses
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions Broker News
Platform
Widgets
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2024 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.