Summary
Shareholders of The Children's Place Retail Stores gave the company's board a vote of approval Tuesday, reappointing three directors, including new CEO Jane Elfers, who delivered an upbeat forecast for the retailer's prospects and profits this year.
The company is coming off its "strongest first quarter ever" with record first-quarter earnings of $28 million or $1 per share, up 20 cents a share over the prior year's first quarter. Children's Place has raised its guidance for 2010 to $3 to $3.15, up from $2.90 to $3.10, Elfers said in a brief address at the company's annual meeting, held at its headquarters in Secaucus.See the full content of this document
Extract
Strong Show of Confidence
Elfers became CEO on Jan. 4, after the board res...
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