Children's Place Fiscal Q1 Net Loss Narrows, Sales Fall

MT Newswires Live06-13

Children's Place (PLCE) reported fiscal Q1 adjusted net loss late Wednesday of $1.18 per share, compared with a loss of $2.00 a year earlier.

A lone analyst expected a loss of $1.15 in a Capital IQ poll.

Net sales for the quarter ended May 4 were $267.9 million, compared with $321.6 million a year earlier.

A lone analyst surveyed by Capital IQ projected $302.8 million.

Shares of the company fell over 2% in after-hours activity.

Price: 9.30, Change: -0.20, Percent Change: -2.16

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