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Children's Place Q1 profit up 4%, forecasts miss Street
Secaucus, N.J. -- The Children's Place Retail Stores reported Thursday that profit for the quarter ended April 30 rose 4% to $29.1 million, compared with $27.9 million a year earlier. The retailer cited better product assortment, strong online sales and inventory-control efforts for the improved performance.
Children’s Place also increased the low end of its full-year earnings outlook range, but its 2011 and second-quarter forecasts missed Wall Street's expectations.
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The Buckle Q1 profit, sales rise
Kearney, Neb. -- The Buckle reported Thursday that net income for the first quarter rose to $33.5 million, compared with $30.1 million in the year-ago period.
Sales in the quarter ended April 30, 2011, increased 11.8% to $240.1 million. Same-store sales rose 8.1%. Online sales (which are not included in comparable store sales) increased 18.6% to $17.1 million.