The Children’s Place posts better than expected Q4 numbers
The Children’s Place, Inc. (PLCE) is up 6.7% Tuesday morning. The stock is moving higher in reaction to the company’s better than expected fourth-quarter earnings report. The company’s posted earnings of $1.19 per share, versus the $1.11 consensus. Revenue jumped 4% to $498.5 million, slightly topping the $498.1 million consensus. Same store sales, an important metric for retailers, were up 6.7% versus the same period last year.
The Children’s Place, Inc. (PLCE) is a children’s apparel retailer.
Constellation Brands Inc. (STZ) and ITT Educational Services Inc. (ESI) top the list of other companies with positive news today, while MannKind Corp. (MNKD) and JA Solar Holdings Co., Ltd. (JASO) 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.