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.
Children's Place downgraded to Hold from Buy at Maxim As previously reported, Maxim downgraded Children's Place to Hold from Buy. The firm has lowered estimates and tempered gross margin expectations given FX impact, unfavorable weather, and likely apparel deflation. Price target lowered to $51 from $60.