Children's Place raises Q4 EPS view to $2.45-$2.50 from $2.07-$2.12
Consensus $2.17. Raises Q4 SSS view to up 7.5%-8.5% from "low single digit increase". Reports SSS up 8.5% through the first 9 weeks of Q4 vs. up 6.9% in year ago period. CEO Jane Elfers says: "Our comparable retail sales were outstanding, a positive 8.5% through the first nine weeks of the fourth quarter, on top of a positive 6.9% in the comparable nine week period in the fourth quarter of fiscal 2016 and positive 7.3% in the comparable nine week period in the fourth quarter of fiscal 2015. We achieved positive comparable retail sales in all channels and geographies, with our U.S. business generating positive comparable retail sales of 8.4% and our Canadian business generating positive comparable retail sales of 9.4%... All of our key retail selling metrics increased - AUR, ADS, UPT, transactions and conversion. And importantly, our sequential improvement in store traffic versus the third quarter of 2017 and the fourth quarter of 2016 was significant. Based on these results, we are increasing our fourth quarter and fiscal year 2017 guidance for comparable retail sales and adjusted diluted EPS."