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The Children's Place, Inc. has multiple drivers including a partnership with Amazon and improved marketing. Lower cotton, freight, and occupancy costs should drive earnings results in the 2H and into next year. The stock looks inexpensive and does not take into account its ongoing turnaround.
The Children's Place's (PLCE) second-quarter fiscal 2023 results reflect a year-over-year decline in both top and bottom lines due to a tough macroeconomic environment.
Second-quarter results exceeded management's sales and earnings guidance. Customers are still feeling the squeeze from inflation that is impacting sales.
The Children's Place (PLCE) came out with a quarterly loss of $2.12 per share versus the Zacks Consensus Estimate of a loss of $2.16. This compares to loss of $0.89 per share a year ago.
SECAUCUS, N.J., Aug. 14, 2023 (GLOBE NEWSWIRE) -- The Children's Place, Inc. (Nasdaq: PLCE) today announced that, in conjunction with the release of its second quarter 2023 financial results, you are invited to listen to the Company's conference call on Thursday, August 17, 2023, beginning at 8:00 a.m. Eastern Time.
The Children's Place (PLCE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
The Children's Place's (PLCE) Q2 results are likely to reflect the impacts of elevated costs and soft consumer demand. Its efforts to get back on track bode well.
Children's Place CEO bought stock for the first time since 2019. The company also laid off 17% of its corporate workforce at the end of June.
Children's Place (PLCE) benefits from its store fleet optimization strategy and digital initiatives. However, a soft demand environment for its products is concerning.
In a bold display of faith in her company's future, Jane Elfers, CEO of The Children's Place (PLCE), recently invested more than $1 million in the retailer's shares.