Home / Knowledge / News / Apparel/Garments / The Children's Place posts positive Q1 results
The Children's Place posts positive Q1 results
May '16
Courtesy: The Children
Courtesy: The Children's Place
North American specialty kidswear retailer The Children’s Place posted a positive first quarter, ended April 30, 2016, with adjusted earnings per share (EPS) up 59 per cent, net sales up 3.6 per cent and gross profit up 8.74 per cent.

Adjusted EPS reported for the first quarter of 2016 was $1.32 as compared to $0.83 in the first quarter of the previous year, ended May 2, 2015. Net sales posted for the quarter was $419.4 million as compared to $404.9 million previously. Gross profit was $165.4 million as compared to $152.1 million previously.

Comparable retail sales increased 5.1 per cent in the quarter, with all three months of the quarter posting positive results.

In line with the positive results, Jane Elfers, president and CEO of the Children’s Place said, “We are raising our guidance for the full-year, despite the challenging environment and continued weakness in store traffic.”

“This guidance assumes a low single digit comp sales increase, expansion of gross margin and disciplined expense control,” Elfers added.

The Children’s Place raised 2016 adjusted EPS guidance to $4.17-$4.27 from the previous guidance of $4.00-$4.10. (MCJ)

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search