The Children’s Place Reports Fourth Quarter and Full Year 2020 Results
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Children's Place (PLCE) Tops Q4 EPS by $1.24, Revenues Beat
March 9, 2021 7:05 AM ESTChildren's Place (NASDAQ: PLCE) reported Q4 EPS of $1.01, $1.24 better than the analyst estimate of ($0.23). Revenue for the quarter came in at $472.9 million versus the consensus estimate of $420.16 million.
Jane Elfers, President and Chief Executive Officer announced, Fourth quarter results exceeded our expectations across all key metrics with sales significantly exceeding our expectations in both our digital and stores channels. Consolidated digital sales increased 38% for the fourth quarter, representing 46% of total sales. For full year 2020, digital sales increased 37%, and we ended the year with an industry-leading digital penetration of 53% of total... More
