The Children’s Place posts mixed Q3 results, slashes full-year earnings outlook

Specialty retailer of kids’ apparel, The Children’s Place (PLCE), reported third-quarter earnings of $3.07 per share, narrowly missing the Street consensus of $3.08 per share. Similar to the prior sequential quarter, higher expenses and an aggressive promotional environment hurt the company’s bottom line. PLCE shares fell 10% during pre-market trading. Revenue grew 6.6% to $522.5 … Continue reading The Children’s Place posts mixed Q3 results, slashes full-year earnings outlook