Children's Place Q1 Adj EPS $(2.00) Misses $(1.78) Estimate, Sales $321.60M Miss $338.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Children's Place (NASDAQ:PLCE) reported Q1 adjusted losses of $(2.00) per share, missing the $(1.78) estimate by 12.36%. Sales were $321.60M, missing the $338.46M estimate by 4.98%. This is an 11.25% decrease in sales compared to the same period last year.
May 24, 2023 | 11:04 am
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NEGATIVE IMPACT
Children's Place reported Q1 adjusted losses of $(2.00) per share, missing estimates by 12.36%. Sales were down 11.25% compared to last year.
Children's Place reported worse-than-expected Q1 earnings and sales, missing estimates by 12.36% and 4.98% respectively. This indicates a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100