Children's Place Cost-Cutting Progress Gets Markets' Praise -- Market Talk

Dow Jones09-20

1221 ET - Children's Place made surprising progress reducing expenses in 2Q, driving UBS estimates higher. The children's clothing retailer will likely see revenue decline through the first quarter of fiscal 2025 as a result of ongoing impact of the cost savings activities and a tough competitive environment for children's apparel. However, the company should see a surge in profit in the next three years, including fiscal 2024. UBS raises its earnings per share target price to $2.65 from 55 cents previously for fiscal 2024, its fiscal 2025 EPS to $2.70 from $1.10 previously, and its FY26 EPS to $2.80 from $1.60. UBS also lifts its target price to $18 from $12 previously. Shares rise 9.6% to $16.50. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

September 19, 2024 12:21 ET (16:21 GMT)

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The children's clothing retailer will likely see revenue decline through the first quarter of...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4097","symbol_name":"系统软件","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2468950275","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468950275","pubTimestamp":1726762860,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1221 ET - Children's Place made surprising progress reducing expenses in 2Q, driving UBS estimates higher. 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