Shares of Children’s Place Inc. PLCE, -4.48% tumbled toward a 13-month low in premarket trade Thursday, after the children’s apparel retailer beat fiscal third-quarter profit and sales expectations, but cut its earnings and margin outlook. Net income for the quarter to Nov. 3 rose to $49.9 million, or $3.03 a share, from $44.1 million, or $2.44 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share of $3.07 matched the FactSet consensus. Sales increased 6.6% to $522.5 million, above the FactSet consensus of $511.2 million, as the 9.5% rise in same-store sales beat expectations of 8.3% growth. The company cut its fiscal 2018 adjusted EPS outlook to $7.69 to $7.79 from $8.09 to $8.29, and its adjusted operating margin guidance to 7.7% to 7.8% from 8.5% to 8.7%, as a results of a $5 million, or 24 cents a share, addition to fulfillment costs in the fourth quarter to support the exposure of brick-and-mortar inventory on-line and its ship-from-store capabilities. Meanwhile, the company raised its full-year sals outlook to $1.955 billion to $1.960 billion from $1.945 billion to $1.955 billion. The stock has lost 15.3% year to date through Tuesday, while the S&P 500 SPX, -3.24% has gained 1%.

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