Children's Place (NASDAQ: PLCE) reported Q2 EPS of $0.70, $0.11 better than the analyst estimate of $0.59. Revenue for the quarter came in at $448.7 million versus the consensus estimate of $427.89 million.

• Delivers Q2 Comparable Retail Sales Increase of 13.2% Highest Quarterly Comp in Company History
• Reports Q2 GAAP Earnings per Diluted Share of $0.45 vs $0.79 in Q2 2017 and
• Q2 Adjusted Earnings per Diluted Share of $0.70 vs $0.86 in Q2 2017
• Increases FY 2018 Adjusted EPS Guidance to $8.09 to $8.29

Jane Elfers, President and Chief Executive Officer announced, “We set the bar very high for the second quarter and we beat it. We delivered our highest ever quarterly comp, a positive 13.2% on top of a positive 3.1% last year. We delivered adjusted EPS of $0.70, $0.09 above the high end of our guidance range. We delivered positive brick and mortar sales comps and positive digital sales comps every month in the second quarter. Additionally, we drove positive brick and mortar traffic comps every month of the quarter resulting in a positive mid-single digit traffic increase. Specifically, our mall traffic was exceptional, delivering a high single digit positive comp for the quarter. Our momentum has continued into August and with the majority of back-to-school sales behind us, our comps are running positive low double digits quarter to date.”

Ms. Elfers concluded, “We have significant runway ahead of us through the continued successful execution of our multi-year strategic growth initiatives. In addition, we are uniquely positioned from a competitive standpoint to accelerate our transformation, with the goal of driving additional market share gains. We are focused on driving customer acquisition, improving customer retention and increasing customer engagement through our digital transformation investments. We look forward to continuing to deliver best-in-class results for our shareholders.”

GUIDANCE:

Children's Place sees FY2018 EPS of $8.09-$8.29, versus the consensus of $8.11.

For earnings history and earnings-related data on Children's Place (PLCE) click here.