The Children’s Place posts better than expected Q2 numbers
The Children’s Place, Inc. (PLCE) is up 1.3% Wednesday morning. The company reported an adjusted loss of one penny per share for its second quarter. Analysts forecast a loss of 23 cents for the quarter. The company posted revenue of $371.4 million, which was better than the $366.3 million consensus.
The Children’s Place, Inc. (PLCE) is a children’s apparel retailer.
Urban Outfitters Inc. (URBN) and Sky Solar Holdings, Ltd. (SKYS) top the list of other companies with positive news today, while Target Corp. (TGT) and Cree, Inc. (CREE) top the list of companies with negative news.
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About Children's Place Inc. (The)
Children's Place Inc is a specialty retailer that sells accessories, footwear, and other items for children. The company has over a thousand stores in North America and also sells through its website and wholesale. It reaches more than a dozen other countries, with franchise partners operating stores, shops, or e-commerce sites. The company leases all of its retail stores, and most are located in malls. Children's Place has one distribution center in the United States and one in Canada to support operations in those countries. It uses third-party providers to support operations in other countries. The company sources its product from well over 100 vendors, which are primarily located in Asia.