Childrens Place (PLCE) Declares $0.15 Quarterly Dividend; 1% Yield
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Childrens Place (PLCE) Boosts Q1 EPS Outlook; Updates on Capital Return Plan
May 6, 2015 8:02 AM EDTChildrens Place (NASDAQ: PLCE) announced expected financial results for the thirteen weeks ended May 2, 2015.
Jane Elfers, President and Chief Executive Officer, commented, Our customers responded very positively to our Spring product offering. Our business picked up meaningfully in the second half of the quarter driving positive comparable retail sales and a robust gross margin. As a result, we expect our first quarter adjusted EPS to be in the range of $0.81 to $0.83, versus our guidance range of $0.60 to $0.65. This compares to adjusted EPS of $0.68 in the first quarter of 2014. Our inventories are in excellent shape down... More
