Children’s Place loss widens on charges

Published August 16, 2012 11:53am ET



SECAUCUS, N.J. (AP) — The Children’s Place saw its second-quarter loss swell as the cost of sales and some charges countered revenue gains, but the performance topped Wall Street expectations.

The Secaucus, N.J., company said Thursday it lost nearly $18 million, or 74 cents per share, in the three months that ended July 28. That compares with a loss of $9.8 million, or 38 cents per share, in last year’s quarter. The adjusted loss, which doesn’t count one-time items, was 62 cents per share.

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