Children’s Place delivers sales growth, but income slips
Secaucus, N.J. — The Children’s Place Retail Stores reported Thursday a loss of $15.1 million, widened from a loss of $9.8 million in the same quarter last year.
Second quarter net sales increased 5% to $360.8 million, compared with $343.5 million in second quarter 2011. Same-store sales grew 3.4%.
Stein Mart Q2 net income meets Street’s view
Jacksonville, Fla. — Stein Mart reported Thursday that profit slipped to $730,000 from $1.3 million last year, but second-quarter results managed to meet Wall Street’s view, as revenue climbed.
Sales for the period grew 2% to $276.4 million, beating the $275.9 million that analysts expected. Same-store sales rose 1.6%.
Buckle Q2 net income meets Street’s view
Kearney, Neb. — The Buckle reported Thursday that net income for the period ended July 28 dipped 2% to $23.2 million, compared with $23.6 million in the year-ago period, but matching forecasts.
Net sales rose 2% to $215.5 million, just missing Wall Street’s expected $215.9 million in revenue. Same-store sales dipped 0.8%.