The Children's Place Reports Inline Results, Top Line Up 5% (PLCE)
Wednesday, March 10, 2010 - 09:19
Written on Wed, 03/10/2010 - 9:19am
By Chip Brian

3/10/2010- The Children's Place Retail Stores (NASDAQ:PLCE) reported fiscal Q4 EPS of $1.03, ex-items, inline with consensus estimates.
Revenues for the quarter rose 5% year-over-year to $462.8 million, inline with the consensus estimates.
Comparable sales for the company were flat for the fourth quarter.
The company expects Q1 EPS of $0.85 to $0.90, vs. the consensus estimates of $0.82, and fiscal 2010 EPS of $2.90 to $3.10, vs. the consensus estimates of $2.68.
President and Chief Executive Officer Jane Elfers said, "The Children's Place has a unique and enviable position as the largest pure-play children's specialty apparel retailer in North America, and the brand brings an unparalleled combination of fashion, value and convenience to the marketplace. I believe the opportunities to expand our business and increase market share are clear."
SmarTrend is bullish on shares of PLCE and our subscribers were alerted to Buy on December 16, 2009 at $30.41. The stock has risen 34.6% since the alert was issued.

Keywords: children's place finance stock market Business News smartrend

Ticker(s): PLCE

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