— The Children’s Place, Inc. (NASDAQ: PLCE) reported adjusted earnings of $3.03 per share for the third quarter of 2019, vs. $3.02 per share expected.
— Net income was $43.0 million or $2.77 per share, compared to $49.9 million or $3.03 per share in the three months ended November 2018.
— Net sales increased 0.4% annually to $524.8 million, vs. $533.99 million expected, aided by a 0.8% rise in comparable retail sales
— Opened six stores and closed 12 stores in Q3, and ended the quarter with 955 stores and square footage of 4.5 million
— During the quarter, repurchased 414 thousand shares for about $33 million and paid a quarterly dividend of $0.56 per share
— For the fourth quarter, expects net sales in the range of $504 million to $509 million; sees a mid-single-digit drop in comparable retail sales
— Expects Q4 adjusted earnings per share to be in the range of $1.48 to $1.68
— For fiscal 2019, predicts net sales to be in the range of $1.862 billion to $1.867 billion; comparable retail sales expected to drop 3%
— Expects full-year adjusted earnings per share to be in the range of $5.00 to $5.20
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was