PLCE - Why Children's Place Shares Are Slumping Today | Benzinga
Children’s Place, Inc. (NASDAQ:PLCE) shares are diving on Friday.
The company said it expects fourth-quarter net sales to be roughly $454 million to $456 million, versus its prior guidance of $460 million to $465 million and below the estimate of $462.88 million.
Adjusted operating loss for the quarter is expected at (9.0%) to (8.0%) of net sales, contrasting with prior guidance of 2% to 3% of adjusted operating margin.
The company projects to ...