SECAUCUS, NJ-The Children’s Place Retail Stores yesterday reported that Q4 net income nearly doubled, rising 91% to $45.7 million versus $23.9 million a year earlier. The results came as Q4 consolidated net sales rose 17% to $539.7 million from $462.1 million a year earlier, the company’s chairman and CEO, Ezra Dabah, reported.

Of the total sales, $355.1 million was generated by the Children’s Place, and $184.6 million came from the Disney Store division. Diluted earnings per share increased 85% to $1.57 from 85 cents.

And for fiscal year 2005, net income increased 53% to $65.6 million versus $42.8 million, including extraordinary gain, the previous year. Net sales rose 44% to just under $1.67 billion from $1.16 billion for 2004. The Children’s Place share of net sales rose 18% to $1.17 billion, while the Disney share of the total amounted to $497.7 million. Diluted earnings per share increased 46% to $2.27 from $1.55.

“Last year was another great year for our company,” Dabah said during yesterday’s webcast. “The Children’s Place brand continues to grow its market share, and the growth and leverage the company achieved in Q4 is a testament to our scaleable systems infrastructure and our management team.

“At Disney Store, while Q4 proved to be challenging, we have made progress in terms of positioning it for success,” Dabah continued. “Disney has a great lineup of new content that will be coming out in 2006, and we have aligned our merchandise strategies to take advantage of that in a big way.”

At the same time, the specialty children’s merchandise purveyor yesterday reported Q4 same-store sales up 11% from a year earlier, this on top of the 17% increase registered the previous year. For the full year, same-store sales increased 9%, compared to a 16% increase last year. The results don’t include Disney, which didn’t enter the same-store sales base until last month.

In other results, the company opened 55 Children’s Place stores and closed three in FY 2005, and opened 18 Disney Stores while closing seven. For Q4, the company opened 16 Children’s Place and two Disney Stores, while shuttering six of the latter. As of Feb. 25, 2006, the company owned and operated 802 Children’s Place outlets and 316 Disney stores, and also operates an online store.

“We believe that The Children’s Place and Disney Store can be grown up to 1,800 stores,” Dabah told analysts. “That leaves us with a net of 700 stores still to open. We are confident that both brands have a great deal of opportunity to deliver significant, profitable growth for years to come.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.