The Children’s Place tops third-quarter estimates
The Children’s Place, Inc. (PLCE) is up 4.5% Wednesday morning. The company reported third-quarter numbers that topped analyst estimates. The children’s apparel retailer announced earnings of $2.58 per share, topping the $2.46 estimate. The company showed revenue of $490 million during the quarter, versus the $476.9 million consensus.
The Children’s Place, Inc. (PLCE) operates children’s apparel stores.
Square, Inc. (SQ) and AstraZeneca PLC (AZN) top the list of other companies with positive news today, while Target Corporation (TGT) and The The Kroger Co. (KR) 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.