Children's Place Inc. To Report Q1 Adj. EPS Above Guidance - Quick Facts

(RTTNews) - The Children's Place, Inc. (PLCE), the largest pure-play children's specialty apparel retailer in North America, announced expected financial results for the thirteen weeks ended May 2, 2015. The company expects first-quarter adjusted EPS to be in the range of $0.81 to $0.83, compared to guidance range of $0.60 to $0.65.

On average, 17 analysts polled by Thomson Reuters expect the company to report profit per share of $0.64 for the quarter. Analysts' estimates typically exclude special items.

Comparable retail sales increased 0.7% during the quarter. The company expects total sales to be approximately $405 million in the quarter. Analysts expect revenue of $401.94 million for the quarter.

For fiscal 2015, the company now expects adjusted net income per share will be in the range of $3.30 to $3.45, inclusive of a $0.15 negative impact from foreign exchange. The guidance assumes an increase in comparable retail sales for the year of approximately 1%. Analysts expect the company to report fiscal 2015 earnings per share of $3.26.

For the second quarter of 2015, the company expects adjusted net loss per share between $0.36 and $0.32, inclusive of an estimated $0.02 negative impact from foreign exchange. The guidance assumes an increase in comparable retail sales of approximately 1%. Analysts expect the company to report a second-quarter loss per share of $0.37.

The company plans to announce full first quarter 2015 results on May 14, 2015.