Childrens Place (PLCE) Tops Q1 EPS by 4c; Comps Down 3.2%; Sees Q211 Loss Wider than Street, Tightens FY11 Outlook
Childrens Place (NASDAQ: PLCE) reported Q1 EPS of $1.10, $0.04 better than the analyst estimate of $1.06. Revenue for the quarter came in at $430.8 million versus the consensus estimate of $431.99 million.
Comparable retail sales declined 3.2% in the first quarter of 2011.
Raises lower-end of FY11 EPS outlook to $3.10-$3.25, versus prior guidance of $3.05-$3.25 and the consensus of $3.30.
Sees Q211 EPS of ($0.38) - ($0.43), versus the consensus of ($0.29).
Comparable retail sales declined 3.2% in the first quarter of 2011.
Raises lower-end of FY11 EPS outlook to $3.10-$3.25, versus prior guidance of $3.05-$3.25 and the consensus of $3.30.
Sees Q211 EPS of ($0.38) - ($0.43), versus the consensus of ($0.29).