The Children’s Place Reports Third Quarter 2018 Results
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The Children's Place (PLCE) PT Lowered to $135 at Wolfe Research; 'Near-Term Pain = Long-Term Gain'
December 6, 2018 1:17 PM ESTWolfe Research analyst Adrienne Yih lowered the price target on The Children's Place (NASDAQ: PLCE) to $135.00 (from $169.00) while maintaining a Outperform rating.
Yih notes unforeseen digital growth is wreaking havoc on the supply chain. The growth is forcing the... More
Children's Place (PLCE) Reports In-Line Q3 EPS
December 6, 2018 7:12 AM ESTChildren's Place (NASDAQ: PLCE) reported Q3 EPS of $3.07, in-line with the analyst estimate of $3.07. Revenue for the quarter came in at $522.5 million versus the consensus estimate of $511.19 million.
Jane Elfers, President and Chief Executive Officer announced, For Q3, we delivered adjusted EPS of $3.07, the high-end of our guidance range. Led by surging demand in our digital channels, we delivered an industry-leading 9.5% comp on top of a positive 5.1% comp last year. Our digital channels... More
