The Children’s Place Retail Stores, Inc. (NASDAQ:PLCE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
The Children’s Place Retail Stores, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 24.55% to $0.83 in the quarter versus EPS of $1.10 in the year-earlier quarter.
Revenue: Decreased 3.49% to $423.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Children’s Place Retail Stores, Inc. reported adjusted EPS income of $0.83 per share. By that measure, the company beat the mean analyst estimate of $0.61. It beat the average revenue estimate of $416.58 million.
Quoting Management: Jane Elfers, President and Chief Executive Officer, said, “After a difficult start to the quarter, April sales improved significantly with the return of more seasonable weather. Our expenses throughout the quarter were well-controlled. We exceeded our earnings forecast for the first quarter and we are raising guidance for the year to reflect these improved results.”
Key Stats (on next page)…