Childrens Place (PLCE) Reports In-Line Q2 EPS; Comps Down 5.6%; Boosts Lower-End of FY11 EPS, Guides Q3 EPS

Childrens Place (NASDAQ: PLCE) reported Q2 EPS of ($0.38), in-line with the analyst estimate of ($0.38). Revenue for the quarter came in at $343.5 million versus the consensus estimate of $357.1 million.

Comparable retail sales declined 5.6%.

Childrens Place sees FY2011 EPS of $3.13-$3.25, versus prior guidance of $3.10-$3.25 and the consensus of $3.24.

Childrens Place sees Q3 2011 EPS of $1.23-$1.28, versus the consensus of $1.27.

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