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Shares of Children's Place (PLCE Quote) were tumbling early Thursday after the kids' clothing retailer cut its profit outlook and warned of troubles with its licensing pact with Disney(DIS Quote).
For the second quarter ended Aug. 4, Children's Place recorded a loss of $27.1 million. The company didn't give per-share results, saying that because its results are preliminary and yet to be filed with the Securities and Exchange Commission, it won't provide the full figures.
Sales rose 7% to $424.3 million. Same-store sales, or sales at stores open at least a year, slipped 1%. ...
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