The Children's Place news and archive

Children's Place lowers full year earnings outlook despite strong Q3

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...

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The Children's Place announces departure of two senior executives

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,...

Management

The Children's Place Q2 net sales rise 20.1 percent, raises outlook

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...

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The Children’s Place Q1 comparable sales decrease 1.8 percent

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...

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The Children’s Place: FY17 net sales increase 4.8 percent

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...

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The Children’s Place updates Q4 earnings outlook

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....

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The Children’s Place posts rise in Q3 net sales and profit

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...

Management

The Children’s Place returns to earnings growth in Q2

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...

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The Children’s Place names new President Global Product

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,...

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The Children’s Place Q1 net income increases 48 percent

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...

Management

The Children's Place Q4 comparable sales up 6.9 percent

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...

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The Children's Place raises Q4 and FY16 earnings outlook

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...