Children's Place Q3 Adj $3.22 Misses $3.56 Estimate, Sales $480.23M Beat $471.82M Estimate
Portfolio Pulse from Benzinga Newsdesk
Children's Place (NASDAQ:PLCE) reported Q3 adjusted earnings of $3.22 per share, missing the $3.56 estimate, and sales of $48.23M, significantly below the $471.82M estimate. This represents a 3.3% decrease in earnings and a 90.53% decrease in sales compared to the same period last year.
November 16, 2023 | 12:08 pm
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Children's Place reported a significant miss in Q3 earnings and sales, with EPS at $3.22 vs. $3.56 expected and sales at $48.23M vs. $471.82M expected, indicating a substantial year-over-year decline.
The substantial miss in both earnings and sales compared to analyst estimates and the significant year-over-year decline are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100