The Children's Place (PLCE) reported earnings Tue 8 Dec 2015 (before open)

** charts after earnings **

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The Children's Place beats by $0.01, misses on revs, comparable retail sales -3%; guides Q4 EPS in-line (reaffirms FY16 EPS guidance); authorizes new $250 million stock repurchase program :

• Reports Q3 (Oct) earnings of $1.93 per share, excluding non-recurring items,$0.01 better than the Capital IQ Consensus of $1.92; revenues fell 6.4% year/year to $455.9 mln vs the $474.58 mln Capital IQ Consensus. Comparable retail sales decreased (3.0%) in the third quarter of 2015.
• Co sees Q4 EPS of $0.93-1.03, inclusive of an estimated ($0.03) negative impact from foreign exchange, vs. $0.99 Capital IQ Consensus Estimate. This guidance assumes that comparable retail sales for the fourth quarter will increase low single digits.
• Co reaffirms guidance for FY16, sees EPS of $3.35-3.45, inclusive of a ($0.14) negative impact from foreign exchange, vs. $3.40 Capital IQ Consensus Estimate.  This guidance assumes that comparable retail sales for the year will be slightly negative compared to fiscal 2014.
• "Comparable retail sales are running positive 4.5% quarter to date, representing approximately 50% of our planned sales volume for the fourth quarter. Our quarter to date results are being driven by increases in key retail selling metrics despite continued weakness in traffic."