Children's Place Q2 Adj EPS $(2.12) Beats $(2.13) Estimate, Sales $345.60M Beat $342.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
Children's Place (NASDAQ:PLCE) reported Q2 adjusted losses of $(2.12) per share, beating the analyst consensus estimate of $(2.13) by 0.47 percent. This is a 138.2 percent increase in losses from the same period last year. The company also reported quarterly sales of $345.60 million, beating the analyst consensus estimate of $342.64 million by 0.86 percent, but a 9.26 percent decrease from last year.
August 17, 2023 | 11:02 am
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Children's Place reported Q2 adjusted losses of $(2.12) per share, beating estimates but increasing 138.2% YoY. Sales of $345.60M also beat estimates but down 9.26% YoY.
Despite beating estimates, Children's Place reported a significant increase in losses and a decrease in sales compared to the same period last year. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100