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Children's Place Q3 Adj. EPS Misses Estimates; Slashes FY23 Outlook; Stock Down 18%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Specialty apparel retailer The Children's Place, Inc. (PLCE) reported Thursday that net income for the third quarter decreased to $38.48 million or $3.05 per share from $42.86 million or $3.26 per share in the prior-year quarter.

Excluding items, adjusted net loss was $3.22 per share, compared to $3.33 per share last year.

On average, four analysts polled by Thomson Reuters expected the company to report earnings of $3.56 per share for the quarter. Analysts' estimates typically exclude special items.

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