NEW YORK, Aug. 3 (Reuters) - Clothing retailer Children's Place Retail Stores Inc. on Thursday said sales at stores open at least a year rose 15 percent in July, beating Wall Street estimates, and forecast a quarterly loss smaller than analysts were expecting.
The company also raised its full-year profit outlook to a range at or below analysts' expectations.
Wall Street had expected a same-store sales gain of 8.1 percent for the four weeks ended July 29, according to a Reuters survey.
The company which operates its namesake children's clothing chain and the Disney Stores in North America, said it expected a loss of 54 cents to 56 cents per share for its second quarter, also ended July 29. Analysts on average expected a loss of 62 cents, according to Reuters Estimates.