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Feb 01, 2020
Children's Place Q4 2019 Earnings Report
Reported fourth quarter earnings significantly above the high-end of the guided range and sales exceeded expectations with digital business representing 31% of total sales.
Key Takeaways
The Children's Place reported Q4 GAAP earnings per diluted share of $1.61, compared to $0.74 in Q4 2018. Adjusted earnings per diluted share were $1.85, versus $1.10 in Q4 2018. Net sales decreased 3.3% to $513.0 million. The company is deferring fiscal 2020 guidance due to uncertainty related to the COVID-19 pandemic.
Q4 GAAP Earnings per Diluted Share of $1.61 versus $0.74 in Q4 2018
Q4 Adjusted Earnings per Diluted Share of $1.85 versus $1.10 in Q4 2018
Net sales decreased 3.3% to $513.0 million
Comparable retail sales decreased 3.6%
Children's Place
Children's Place
Forward Guidance
Due to the heightened uncertainty regarding the evolving COVID-19 pandemic, the Company is deferring its fiscal 2020 financial guidance.