Home / Knowledge / News / Apparel/Garments / Net income up 2% in FY15 at The Children's Place
Net income up 2% in FY15 at The Children's Place
Mar '16
Courtesy: The Children
Courtesy: The Children's Place
The Children's Place, a specialty retailer for kidswear based in the US, announced a rise of approximately 2 per cent to $57.88 million in its net income in fiscal 2015, ended on January 30, 2016, as compared to $56.88 million in the previous fiscal, according to a press statement released by the retailer.

Diluted earnings per common share stood at $2.80 inFY15 as compared to $2.59 in fiscal 2014, ended on January 31, 2015. Adjusted net income for the fiscal was $74.6 million or $3.60 per diluted share.

Net income for the fourth quarter of fiscal 2015 was $17.5 million or $0.87 per diluted share as compared to the net income of $17 million or $0.79 per diluted share in the corresponding quarter last fiscal.

Owing to the strong results, the company announced a rise of 33 1/3 per cent in its quarterly dividend. The quarterly dividend was declared to be $0.20 per share as compared to $0.15 per share, to be paid on April 28, 2016.

Commenting on the results, Jane Elfers, president and CEO of the Children's Place said, “The Children's Place has a profitable business model which generates strong cash flow. Over the past seven years, we have returned nearly $624 million to shareholders through dividends and share repurchases.”

“This increase in our quarterly dividend is a further reflection of our confidence in our ability to execute on our growth strategies and our continuing commitment to return excess capital to shareholders,” she said.

“Looking ahead, we expect 2016 to be another strong year for The Children's Place,” he added.

For fiscal 2016, the company expects adjusted net income per diluted share to be in the range of $4.00 to $4.10. (MCJ)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search