Children's Place posts 9% Oct. sales increase

SECAUCUS, N.J. The Children's Place announced net sales of $144.9 million for the four-week period ended Nov. 1, a 9% increase over $133 million in 2007. Comparable-store sales increased 4%, compared to a 2% increase in October 2007.

Net sales for the third quarter increased 5% to $450.6 million. Comparable-store sales increased 2%.

The company expects to report EPS for the third quarter in the range of 92 cents to 95 cents, including one-time transition services income net of variable expenses of approximately $5.7 million pre-tax for services being provided to the acquirer of the Disney Store North America business. Excluding this one-time gain, the company expects adjusted EPS to be in the range of 81 cents to 84 cents.