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Children’s Place to repurchase shares, affirms guidance


Secaucus, N.J. – The Children’s Place Inc. has authorized a new $100 million share repurchase, with the goal of returning excess capital to shareholders. During the past five years, Children’s Place has returned more than $487 million to our shareholders through share repurchases and dividends.

In addition, the retailer expects to deliver both fourth quarter same-store sales and adjusted earnings per share in the upper end of the guidance range it released in its third quarter earnings. That range included adjusted earnings per share between $0.83 and $0.93, assuming positive low-single-digit same-store sales.

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