=The Children's Place (PLCE) reported earnings on Thur 18 May 17 (b/o)

The Children's Place beats by $0.31, beats on revs; guides Q2 & full year (PLCE) :

• Reports Q1 (Apr) earnings of $1.95 per share, $0.31 better than the Capital IQ Consensus of $1.64; revenues rose 4.1% year/year to $436.7 mln vs the $422.51 mln Capital IQ Consensus. 
  • Comparable retail sales increased 6.1% in the first quarter of 2017. 
• Co issues guidance for Q2, sees EPS of $0.70-0.75, inclusive of a $0.70 benefit resulting from new accounting rules for the income tax impact on share-based compensation, may not compare to $0.20 Capital IQ Consensus Estimate,
• Co issues guidance for FY18, sees EPS of $7.10-7.20, may not be comparable to $6.66 Capital IQ Consensus Estimate, inclusive of an $0.89 benefit resulting from new accounting rules for the income tax impact on share-based compensation. This compares to the company's previous guidance for adjusted net income per diluted share of $6.50 to $6.65, inclusive of a $0.45 benefit resulting from new accounting rules for the income tax impact on share-based compensation.
  • This guidance assumes an approximate 3.0% increase in comparable retail sales for the year.