PLCE Stock Recent News

The Children's Place (PLCE) is actively pursuing measures to enhance its inventory position and bolster financial liquidity.

The Children's Place preannounced a sales miss this morning -- and hinted that earnings might miss as well. Management disavowed its previous sales forecast, blaming discounts and write-downs on merchandise for the miss.

Children's Place Inc.'s stock PLCE, +2.28% tumbled 27% early Friday, after the children's clothing chain issued a profit warning for the fourth quarter and said it's working with lenders to secure new financing. In a filing with the Securities and Exchange Commission, the company said it would consider strategic alternatives if it's unable to secure funds needed to support ongoing operations.

The Children's Place (PLCE) grapples with a tough industry backdrop, rising costs and expenses and other operational complexities.

The holiday sales season tends to be a “make or break” window for retail stocks. Many companies inch along throughout the year, posting similar stats quarter over quarter (QOQ).

The Children's Place, Inc. (NASDAQ:PLCE ) Q3 2023 Earnings Conference Call November 16, 2023 8:00 AM ET Company Participants Jane Elfers - President and CEO Maegan Markee - Brand President Sheamus Toal - COO and CFO Conference Call Participants Jeff Lick - B. Riley Financial Jim Chartier - Monness, Crespi and Hardt Jay Sole - UBS Marni Shapiro - The Retail Tracker Dana Telsey - Telsey Group Operator Good morning, and welcome to The Children's Place Third Quarter 2023 Earnings Conference Call.

The Children's Place's (PLCE) third-quarter fiscal 2023 results reflect a year-over-year decline in both the top and bottom lines due to a tough macroeconomic environment.

The Children's Place has reported third-quarter revenue that beat analysts' expectations but an earnings miss, sending its shares sharply lower on Thursday. The children's specialty retailer said sales over the three months to October 28, 2023, were fueled by a double-digit increase in e-commerce traffic, with strong back-to-school results in August and the success of its seasonal categories in September and October.

Children's Place Inc.'s stock PLCE, +6.49% was down by 12.6% in premarket trading on Thursday after the retailer warned it will miss Wall Street's fourth-quarter earnings estimate. Children's Place reported third-quarter net income of $38.5 million, or $3.05 a share, down from $42.9 million, or $3.26 a share, in the year-ago quarter.

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