SECAUCUS, N.J.--(BUSINESS WIRE)--Feb. 2, 2006--The Children's Place Retail Stores, Inc. (Nasdaq: PLCE):
-- Company Continues to Anticipate Consolidated Fourth Quarter Earnings Per Share of $1.61 to $1.66, up Approximately 70% before Accelerated Stock Option Vesting Expense
-- Company Updates Fiscal 2006 Earnings Guidance to Reflect Equity Compensation Expensing
The Children's Place Retail Stores, Inc. (Nasdaq: PLCE) today announced that for the four-week period ended January 28, 2006, comparable store sales for The Children's Place stores increased 9% on top of a 21% increase for the same period last year. Total consolidated sales for the Company increased 10% to $87.0 million, compared to sales of $78.9 million reported for January 2005. January sales included $62.4 million from The Children's Place, a 17% increase compared to last year's sales of $53.3 million, and $24.6 million from Disney Store, a 4% decrease compared to last year's sales of $25.6 million. Consistent with the Company's comparable store sales definition, Disney Store will enter the comparable store base in February 2006. During January 2006, the Company closed six Disney Stores.