More on Children's Place Retail Stores' Q2

• Children's Place Retail Stores (NASDAQ:NASDAQ:PLCE) reports comparable retail sales fell 3.5% in Q2.
• Adjusted gross margin rate increased 40 bps to 31.4%.
• Adjusted SG&A expense rate fell 60 bps to 29.6%.
• Store count -27 Y/Y to 1,086.
• Q3 Guidance: Comparable retail sales: ~+1%; Adjusted EPS: $1.90 to $1.96.
• FY2015 Guidance: Comparable retail sales: ~flat; Adjusted EPS: $3.35 to $3.45.
• PLCE -2.06% premarket.