The Children’s Place Reports Record First Quarter 2021 Results

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Go back to The Children’s Place Reports Record First Quarter 2021 Results

Children's Place (PLCE) Tops Q1 EPS by $3.19, Revenues Beat

May 20, 2021 7:04 AM EDT

Children's Place (NASDAQ: PLCE) reported Q1 EPS of $3.25, $3.19 better than the analyst estimate of $0.06. Revenue for the quarter came in at $435.48 million versus the consensus estimate of $354.78 million.

Jane Elfers, President and Chief Executive Officer announced, We delivered outstanding first quarter results with gross margin, operating margin, and EPS all at record levels. Our Q1 2021 net sales of $435 million exceeded our pre-COVID Q1 2019 net sales of $412 million, despite having 261 or 27% fewer stores ending Q1 2021 versus Q1 2019.

Ms. Elfers continued, All key metrics across both our digital and stores channels exceeded expectations. Our... More