Children's Place expands in India by partership with Arvind Lifestyle The Children's Place announced that it entered into a franchise agreement with Arvind Lifestyle Brands Limited to open stores in India, with the potential to open 50 stores over time beginning in the Fall of FY15.
Children's Place narrows FY14 adjusted EPS view to $2.95-$3.05 from $2.90-$3.05 Consensus $3.02. This guidance assumes comparable retail sales for the year will be flat to negative 1%. The company estimates a 9c negative impact from foreign exchange in FY14.
Children's Place reports Q2 adjusted EPS (37c), consensus (45c) Reports Q2 revenue $384.6M, consensus $378.63M. Reports Q2 comparable retail sales up 0.8%. The company opened 10 stores and closed 3 during Q2.