Children’s Place Sees Solid Sales Growth

Children’s Place Retail Stores Inc. reported a smaller-than-expected quarterly loss as products aimed at older kids sold well in the back-to-school season and the company raised the low end of its full-year profit forecast. The company’s shares rose as much as 9 percent to $55.96 in Thursday morning trade, and expects full-year adjusted earnings of between $3.20 and $3.30 compared with previous guidance of $3.15 to $3.30.