For its third quarter, The Children’s Place, Inc. reported net sales increase of 32.5 million dollars or 6.6 percent to 522.5 million dollars driven by a positive comparable retail sales increase of 9.5 percent and approximately 5 million dollars due to the new revenue recognition rules, partially offset by an approximately a 14 million dollars...
Dec 7, 2018
The Children’s Place, Inc. has announced that Pamela Wallack, president of global product and CFO Anurup Pruthi have left the business. The company also reaffirmed EPS guidance for the third quarter. “As we approach the last phase of our major systems implementations, the opportunity exists for significant efficiencies across the organization,...
Nov 6, 2018
Second quarter net sales, The Children’s Place, Inc. said increased by 75.1 million dollars or 20.1 percent to 448.7 million dollars driven by a positive comparable retail sales increase of 13.2 percent, an approximately 22 million dollars benefit from the calendar shift related to the 53rd week in fiscal 2017, and an approximately 5 million...
Aug 23, 2018
For the thirteen weeks to May 5, 2018, The Children’s Place, Inc. recorded net sales decrease of 0.1 percent to 436.3 million dollars and comparable retail sales decrease of 1.8 percent. Net income was 31.5 million or 1.78 dollars per diluted share compared to 36.2 million dollars or 1.97 dollars per diluted share, the previous year. Adjusted...
May 17, 2018
The Children’s Place reported net sales increase of 9.4 percent to 570 million dollars in the fourth quarter of 2017 with comparable retail sales rise of 8.2 percent. For the full year, net sales increased 4.8 percent to 1,870.3 million dollars in fiscal 2017, while comparable retail sales increased 5.8 percent in fiscal 2017. The company has...
Mar 20, 2018
The Children’s Place has announced positive growth in its comparable retail sales for the first nine weeks of the fourth quarter along with increased guidance for fourth quarter and fiscal year 2017 comparable retail sales and adjusted diluted EPS. The company now expects adjusted diluted EPS to be in the range of 2.45 dollars and 2.50 dollars....
Jan 8, 2018
The Children’s Place reported net sales increase of 3.4 percent to 490 million dollars in the third quarter of 2017, while comparable retail sales increased 5.1 percent. Net income was 44.1 million dollars or 2.44 dollars per diluted share compared to 44.2 million dollars or 2.36 dollars per diluted share, the previous year. Commenting on the...
Nov 15, 2017
The Children’s Place net sales increased 0.6 percent to 373.6 million dollars in the second quarter of 2017, while comparable retail sales increased 3.1 percent. Net income was 14.3 million dollars or 0.79 dollar per diluted share compared to a net loss of 2 million dollars or 0.11 dollar per diluted share, the previous year. Adjusted net income...
Aug 9, 2017
The Children’s Place has appointed Pamela B. Wallack to the newly created position of President Global Product, effective immediately. The company said, Wallack will report directly to Jane Elfers, President and CEO, and will assume responsibility for global merchandising, design, sourcing and production. Commenting on Wallack’s appointsment,...
May 18, 2017
Net sales at The Children’s Place increased 4.1 percent to 436.7 million dollars in the first quarter of 2017. Comparable retail sales increased 6.1 percent. Net income was 36.2 million dollars or 1.97 dollars per diluted share compared 26 million dollars or 1.33 dollars per diluted share, the previous year, a 48 percent increase in net income...
The Children’s Place said net sales increased 4.5 percent to 520.8 million dollars in the fourth quarter of 2016 and comparable retail sales increased 6.9 percent. Net sales increased 3.4 percent to 1,785 million dollars, including the negative impact of approximately 2.9 million dollars from currency exchange rate fluctuations. Despite rise in...
Mar 8, 2017
Updating its guidance for the fourth quarter, The Children’s Place has said that it now expects adjusted diluted EPS to be in the range of 1.53 dollars and 1.58 dollars compared to the company’s previous guidance of 1.43 dollars to 1.48 dollars and to adjusted diluted EPS of 1.19 dollars in the fourth quarter of 2015. This guidance assumes a...
Jan 5, 2017