Pumpkin Patch says annual profit to beat estimates at $10.1M; stock jumps 11 percent

Thu, 16 Aug 2012

By Jonathan Underhill Aug. 16 (BusinessDesk) - Pumpkin Patch, the children’s clothing chain, said full-year profit before one-time items was about $10.1 million, beating estimates as bank debt and inventory levels fell and online sales rose. The stock jumped 11 percent. Analysts had been forecasting full-year reported profit before one-time items of $9.2 million for the year ended July 31. The shares rose 10 cents to $1.01, the highest since May 2, and have soared 42 percent this year. The company attributed the result to “solid trading perf...

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