PLCE - Children's Place Retail Stores Non-GAAP EPS of -$2.00 misses by $0.22 revenue of $321.64M misses by $16.82M
2023-05-24 07:08:53 ET
- Children's Place Retail Stores press release ( NASDAQ: PLCE ): Q1 Non-GAAP EPS of -$2.00 misses by $0.22 .
- Revenue of $321.64M (-11.2% Y/Y) misses by $16.82M .
- Q2 Outlook : Net sales in the range of $340 million to $345 million, representing an approximately 10% decrease as compared to the prior year second quarter; Adjusted operating loss of approximately (8.0)% of net sales; Adjusted net loss per share in the range of ($2.15) to ($2.20) vs. consensus of -$1.56.
- FY2023 Outlook : Net sales in the range of $1.575 billion to $1.590 billion vs. consensus of $1.65B, representing a decrease in the high-single digit percentage range as compared to the prior fiscal year; Adjusted operating income in the range of 2.5% to 2.9% of net sales; Adjusted net earnings per diluted share in the range of $1.00 to $1.50 vs. consensus of $2.34.
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Children's Place Retail Stores Non-GAAP EPS of -$2.00 misses by $0.22, revenue of $321.64M misses by $16.82M