logo
Plus   Neg
Share
Email

Children's Place Slashes FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter on Wednesday, children's specialty apparel retailer The Children's Place, Inc. (PLCE) provided adjusted earnings guidance for the third quarter and slashed adjusted earnings guidance for the full-year 2019.

For the third quarter, the company expects adjusted net income in the range of $2.90 to $3.05 per share on net sales between $530 million and $535 million, and comparable retail sales increase in the range of 3 to 4 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.51 per share on net sales of $533.89 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2019, the company now forecasts adjusted net income in a range of $5.40 to $5.75 on net sales between $1.910 billion and $1.925 billion, and comparable retail sales to be flat.

Previously, the company expected adjusted net income in the range of $5.75 to $6.25 per share on net sales between $1.905 billion and $1.925 billion, and comparable retail sales to be flat.

Analysts expect the company to report earnings of $6.16 per share on revenues of $1.93 billion for the year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Dunkin' Brands Group said it is rolling out the Beyond Sausage Sandwich to more than 9,000 restaurants nationwide, starting November 6. The sandwich features a plant-based sausage patty from alternative meat maker Beyond Meat. Beyond Meat's breakfast sausage patty is made with plant-based protein and a mix of spices crafted specifically for Dunkin'. Boeing said it understands and regrets the concern caused by the publications of instant messages involving a former test pilot that he "unknowingly" lied to regulators about a flight-control system on the Boeing 737 Max aircraft. The aircraft maker said it especially regrets the difficulties that the release of the messages presented for the U.S. Federal Aviation Administration or FAA. Boeing said Sunday that it had informed the Federal Aviation Administration and international regulators on multiple occasions about the expanded role of the flight-control software in 737 MAX, which was linked to two fatal crashes that killed 346 people.
RELATED NEWS
Follow RTT
>