Exhibit 99.3

THE CHILDREN’S PLACE RETAIL STORES, INC.

Non-GAAP Reconciliation

(Unaudited)

Thirteen Weeks Ended April 29, 2006 and Thirteen Weeks Ended April 30, 2005

(In thousands, except per share amounts)

		Thirteen Weeks Ended
		April 29,		April 30,
		2006		2005
Selling, general and administrative expenses, as reported	$	129,430	$	113,424
Equity compensation and stock option expense		2,950		-
Non-GAAP selling, general and administrative expenses		126,480		113,424
Operating income, as reported		23,946		15,982
Equity compensation and stock option expense		2,950		-
Non-GAAP operating income		26,896		15,982
Diluted net income, as reported		15,341		9,798
Equity compensation and stock option expense (tax effected at 40%)		1,770		-
Non-GAAP net income	$	17,111	$	9,798
Diluted net income per common share:
As reported	$	0.52	$	0.34
Equity compensation and stock option expense	$	0.06	$	-
Non-GAAP diluted net income per common share	$	0.58	$	0.34
Diluted weighted average common shares and common share equivalents		29,410		28,611