The Children's Place, Inc. operates as a children's specialty apparel retailer. The company sells apparel, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names. As of January 30, 2016, it operated 1,069 stores in the United States, Canada, and Puerto Rico; and 102 international points of distribution operated by its 6 franchise partners in 16 countries. The company also sells its products through childrensplace.com, an online store. The company was formerly known as The Childrens Place Retail Stores, Inc. and changed its name to The Children's Place, Inc. in June 2014. The Children's Place, Inc. was founded in 1969 and is based in Secaucus, New Jersey.
Reported before open today (5/17/16) Earnings: EPS $1.32 Revenue $419.4M Estimates: EPS $1.03 Revenue $412.9M Up 4.13% today
Shares of Children’s Place (PLCE) are likely to see early strength after the children’s apparel retailer reported better than expected fourth quarter earnings, announced a new stock repurchase program, and raised its dividend.