Hi, today we are going to talk about Children's Place and its current landscape.
The American specialty retailer of children’s apparel and accessories Children's Place it's been crushed by a series of bad confluences, starting by the company report that showed a worse than expected EPS on the third quarterly, the company also issued a worse than expected EPS and sales guidance for the fourth quarter, up to that the company was downgraded by B. Riley FBR that put the company on the neutral specter. The Company can also suffer from the latest consumer price report from the Bureau of Labor Statistics that revealed a weakness in apparel prices, on a month that included Black Friday and Cyber Monday sales, which becomes an aggravating factor in this case.
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The American specialty retailer of children’s apparel and accessories Children's Place it's been crushed by a series of bad confluences, starting by the company report that showed a worse than expected EPS on the third quarterly, the company also issued a worse than expected EPS and sales guidance for the fourth quarter, up to that the company was downgraded by B. Riley FBR that put the company on the neutral specter. The Company can also suffer from the latest consumer price report from the Bureau of Labor Statistics that revealed a weakness in apparel prices, on a month that included Black Friday and Cyber Monday sales, which becomes an aggravating factor in this case.
Thank you for reading and leave your comments if you like.
To have access to our exclusive contents, join the Traders Heaven today! Link Below.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.