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The Children's Place, Inc. (PLCE) Stock Price, News, Quote & History - Yahoo Finance PLCE - The Children's Place, Inc. NasdaqGS - NasdaqGS Real Time Price. Social | The Children's Place Corporate Website THE CHILDREN'S PLACE, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) Adjusted gross profit decreased $100.6 million to $256.7 million in the six months ended July 30, 2022, compared to $357.3 million in the comparable period last year, and decreased $33.6 million compared to $290.3 million in the comparable period in 2019. And lastly, to support our strategic reset, we invested in and transformed our marketing function positioning us to optimize every touch pointalong our younger, digitally-savvy, core customers purchase journey. Adjusted SG&A was $221.7 million in the six months ended July 30, 2022, compared to $218.3 million in the comparable period last year and $242.6 million in the comparable period in 2019. Additionally, the Company generated $9 million and used $8 million in operating cash flows in the three months and twelve months ended January 28, 2023, respectively. Ms. Reiner is the former President, Global Clients at Grey Global Group Inc., one of the worlds top advertising and marketing organizations. Sheamus Toal, Chief Financial Officer, said, We are extremely pleased to welcome PNC Bank as a new joint lead arranger, who is committing an additional $95 million toward our revolving credit facility and we are grateful for the support provided by our current banking group. Adjusted net loss was $11.7 million, or ($0.89) per diluted share, compared to adjusted net income of $25.7 million, or $1.71 per diluted share, in the comparable period last year, and compared to $3.0 million, or $0.19 per diluted share, in the comparable period in 2019. INVESTOR RELATIONS Corporate Overview Financial Reports Press Release; ESG Environment Social Governance; Of this amount, an initial $50 million will be funded at closing. Here's a quick guide forhow to read an earnings report. Read our earnings report guide before you consider the forecast information when making investment decisions. Mr. Shaffer is the former Executive Vice President, Chief Operating Officer and Chief Financial Officer of PVH Corp. As we have discussed several times, we have historically underfunded marketing. Nancy holds a Bachelors Degree of Arts in English from the University of Utah. For the third quarter, the Company expects: Conference Call Information For their last quarter, The Childrens Place (PLCE) reported earnings of -$2.00 per share, missing the Zacks Consensus Estimate of -$1.77 per share. To take full advantage of our customers strong preference for on-line shopping, we focused on rapidly shifting our primary acquisition channel to digital from stores and we have achieved our desired results in a remarkably short period of time, with digital now our primary acquisition channel., Ms. Elfers continued, We then made the strategic decision to aggressively promote our product in order to capture market share in what was thenasignificantlyover-stored kids retail space. The decrease in net sales compared to year-to-date 2021 was primarily due to lapping the COVID-19 stimulus relief program last year, the impact of a slowdown in consumer demand resulting from the unprecedented inflation impacting our customer, an increase in promotional activity across the sector and the impact of permanent store closures. In addition, our iconic Gymboree brand launched on Amazons website in late Q2 and the early results have been strong., Ms. Elfers continued, With respect to Q3, we believe our inventories are now well positioned from a seasonality and channel perspective. Ms. Kountze holds a bachelors degree from the University of Connecticut, a master of science degree from the University of New Haven, and a certificate for finance accounting from Harvard Business Online. We are our customer. Capital Return Program Jane Elfers has been President & Chief Executive Officer since 2010. Children's Place Inc (PLCE) 23.54 +0.46 ( +1.99%) USD | NASDAQ | May 22, 16:00 23.52 -0.02 ( -0.08%) After-Hours: 20:00 Switch to: Reports Actions Quote Performance Key Stats Financials Estimates News Events Y-Rating Valuation More Price Chart Price Returns View Full Chart Key Stats View All Stats Ratings Profile Edit Vince van Eck, TechSaiosh HSEQR @ MET63 I High risk specialist . We have implemented governance practices with respect to our Board of Directors, our management and our shareholders that align with market best practices. Earnings Summary. HOME; WHO WE ARE. About Us Senior Leadership International Franchises The Children's Place was founded in Hartford, Connecticut in 1969 by David Pulver and Clinton Clark. In this role, she is responsible for Global Human Resources, including Talent Acquisition, HR Operations, Total Rewards, Corporate Communications, Learning & Development and Performance Management. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The Investor Relations website contains information about The Children's Place's business for stockholders, potential investors, and financial analysts. The Children's Place Launches PJ Place, a New Sleepwear Lifestyle Brand, with a Star-Studded Brand Campaign. Comparable retail sales decreased 11.7% for the twelve months ended January 28, 2023. Jennifer earned a Bachelor of Fine Arts in Fashion Design from Parsons School of Design. Operating income was $5.4 million in the six months ended July 30, 2022, compared to $103.8 million in the six months ended July 31, 2021, and compared to $8.9 million in the six months ended August 3, 2019. Overview Doing Business As: Children's Place, The Company Description: Industry: Clothing and Clothing Accessories Retailers , Clothing, Clothing Accessories, Shoe, and Jewelry Retailers , Retail Trade , Children's wear (1) The tax effects of the non-GAAP items are calculated based on the statutory rate of the jurisdiction in which the discrete item resides. The Children's Place - Investor Relations - Corporate Overview Digital is our highest operating margin channel, and, based on the strength of our digital business and our increased investments in this channel, we are projecting digital revenue to represent 50% of our retail sales in 2022. The Company designs, contracts to manufacture, sells at retail and wholesale, and licenses to sell fashionable, high-quality merchandise predominantly at value prices, primarily under the proprietary The Childrens Place, Place, Baby Place, Gymboree, Sugar & Jade and PJ Place brand names. He received his bachelors degree from George Washington University and is a CPA. Overview | The Children's Place Non-GAAP Reconciliation Audit CommitteeMr. Our basics business continues to be very strong. The Companys results are reported in this press release on a GAAP and as adjusted, non-GAAP basis. Comparable retail sales decreased 8.7% for the quarter. Financial Results Ms. Beck earned her MBA and MPA from Harvard University. The Children's Place Reports Second Quarter 2022 Results | The Children Human Capital & Compensation CommitteeMs. Sheamus graduated with a Bachelor of Science in Accounting from St. Johns University and is a Certified Public Accountant. Prior to joining The Childrens Place, she held Senior Vice President roles at Aeropostale and Gap Kids & Baby. 0001104659-23-068885 | 8-K | The Children's Place Prior to his time with Saatva, he spent nearly 17 years with New York and Company where he held several senior level finance and operational positions as Chief Operating Officer, Chief Financial Officer, Chief Accounting Officer and Treasurer, culminating in his role as Chief Executive Officer from 2020 to 2021. He earned his BS in Engineering from Bucknell University and received an MBA from The Wharton School of Business. THE CHILDRENS PLACE, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited), The Childrens Place Reports Second Quarter 2022 Results, Selling, general and administrative expenses, Income (loss) before provision (benefit) for income taxes, Weighted average common shares outstanding, Adjusted net income (loss) per common share, Adjusted selling, general and administrative expenses, Prepaid expenses and other current assets, Current portion of operating lease liabilities, Accrued expenses and other current liabilities, Long-term portion of operating lease liabilities, Total liabilities and stockholders' equity, Net cash provided by financing activities, Effect of exchange rate changes on cash and cash equivalents, Net increase (decrease) in cash and cash equivalents, Cash and cash equivalents, beginning of period. Jared attained his Bachelor of Science in Business Administration from the University of North Carolina at Chapel Hill and his Juris Doctorate from Cornell Law School. Nasdaq provides visual representation of analyst expected earnings growth. The Childrens Place is the largest pure-play childrens specialty apparel retailer in North America. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. IPI Partners | LinkedIn He earned his MBA from the Harvard University Graduate Business School. The Company ended the quarter with 613 stores and square footage of 2.9 million, a decrease of 8.3% compared to the prior year. Adjusted gross margin deleveraged 752 basis points to 34.5% of net sales versus year-to-date 2021, primarily the result of lower merchandise margins due to unplanned AUR pressure resulting from an abrupt slowdown in consumer demand, coupled with an increase in promotional activity across the sector, higher inbound transportation expenses, increased penetration of our wholesale business, which operates at a lower gross margin, and the deleverage of fixed expenses resulting from the decline in net sales. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. The Company has online stores atwww.childrensplace.com, www.gymboree.com and www.sugarandjade.com and, as of July 30, 2022, the Company had 658 stores in the United States, Canada, and Puerto Rico and the Companys six international franchise partners had 212 international points of distribution in 16 countries. Human Capital & Compensation CommitteeMs. In this role, Jared leads all areas of the Legal team including International Trade, Product Safety & Intellectual Property, Contracts Compliance & International Operations, Real Estate, Litigation, Employment Law, and Board Governance and Administration and oversees Environment & Social Responsibility and Enterprise Risk. Create your Watchlist to save your favorite quotes on Nasdaq.com. Jane Elfers, President and Chief Executive Officer commented, As we previously announced, our 2022 operating results were negatively impacted by unprecedented input costs the spike in cotton prices, airfreight, and container costs. Children's Place (NASDAQ:PLCE) shareholders are up 13% this past week We are a woman led company. Contact: Investor Relations (201) 558-2400 ext. The Company designs, contracts to manufacture, sells and licenses to sell fashionable, high-quality merchandise at value prices, primarily under the proprietary "The Children's Place", "Place" and "Baby Place" brand names. Mr. Frascotti holds a bachelor's degree from Yale University and a JD from Harvard Law School. 14500 : 6 . Our governance policies guide our Board of Directors, our management and our associates to uphold the highest ethical standards in conducting business on behalf of The Childrens Place. Visit the Earnings Calendar to see dates for upcoming earnings announcements. Adjusted operating income was $7.1 million in the twelve months ended January 28, 2023, compared to $288.6 million in the comparable period last year, and deleveraged 1,470 basis points to 0.4% of net sales, compared to 15.1% of net sales last year. The decrease in interest expense versus year-to-date 2021 was driven by lower interest rates due to our refinancing in Q4 last year and a lower term loan balance outstanding this year. Ms. Beck is the former Chief Executive Officer of Bluemercury, a retailer and online seller of upscale beauty products and spa services, which she founded in 1999. Follow Us . THE CHILDRENS PLACE, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited), The Childrens Place Reports Fourth Quarter and Full Year 2022 Results and Provides 2023 Outlook, Selling, general and administrative expenses, Income (loss) before provision (benefit) for income taxes, Weighted average common shares outstanding, Adjusted net income (loss) per common share, Adjusted selling, general and administrative expenses, Prepaid expenses and other current assets, Current portion of operating lease liabilities, Accrued expenses and other current liabilities, Long-term portion of operating lease liabilities, Total liabilities and stockholders equity, Net cash provided by (used in) operating activities, Net cash provided by (used in) financing activities, Effect of exchange rate changes on cash and cash equivalents, Net decrease in cash and cash equivalents, Cash and cash equivalents, beginning of period. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. This press release contains or may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements relating to the Companys strategic initiatives and adjusted net income per diluted share. Prior to that he worked in information security at SafeNet Inc. and telecommunications at Hughes Software Systems. For the first quarter of 2023, the Companys outlook reflects: For the first quarter of 2023, the Company expects: For the full fiscal year 2023, the Company expects: Additional details underlying the Companys outlook for the first quarter and full year 2023 will be provided on the conference call and will also be available in the conference call transcript which will be posted on our website. Rajat has since assumed an expanded leadership role with oversight for Global Logistics & Distribution and Stores in addition to IT. 2023, Nasdaq, Inc. All Rights Reserved. John Frascotti is an insightful and decisive C-suite executive and Board member with over 37 years of experience leading publicly held, consumer-focused global companies through transformation and . Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Contact: Investor Relations(201) 558-2400 ext. She leads global product design as well as the creative direction for the brand. Together, our four brands support growing families across every demographic with apparel that builds confidence and promotes inclusivity. The Company has online stores atwww.childrensplace.com, www.gymboree.com,www.sugarandjade.com and www.pjplace.com and, as of January 28, 2023, the Company had 613 stores in the United States, Canada, and Puerto Rico and the Companys five international franchise partners had 220 international points of distribution in 15 countries. Jane Elfers joined The Childrens Place as President and Chief Executive Officer in January 2010. I am so proud of our team for accomplishing this task. Selling, general, and administrative expenses were $223.7 million in the six months ended July 30, 2022, compared to $222.4 million in the six months ended July 31, 2021, and compared to $244.4 million in the six months ended August 3, 2019. Net interest expense was $13.2 million in the twelve months ended January 28, 2023, compared to $18.6 million in the twelve months ended January 29, 2022. Adjusted operating income of approximately 7.5% of net sales. About Us | The Children's Place Corporate Website You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. As of July 30, 2022, $196.1 million remained on the Companys existing share repurchase program authorization. Maegan earned her Bachelor of Science Degree in Management and Marketing from Quinnipiac University. INVESTOR RELATIONS Corporate Overview Financial Reports Press Release; The Children's Place Issues 2021 Annual ESG Report - Yahoo Finance 14500 Investor_relations@childrensplace.com Contact by mail: The Children's Place Investor Relations 500 Plaza Drive Secaucus, NJ 07094 Get in touch with us! Our quarter to date sales trend has improved versus our sales trend during the last two weeks of July and our quarter to date AUR increase is encouraging. Mr. McDonald is the former Principal Officer, Chief Financial Officer of Kohls Corporation. Adjusted gross profit decreased $53.3 million to $114.8 million in the three months ended July 30, 2022, compared to $168.1 million in the comparable period last year, and decreased $24.0 million compared to $138.8 million in the comparable period in 2019. Ms. Kountze holds a bachelors degree from the University of Connecticut, a master of science degree from the University of New Haven, and a certificate for finance accounting from Harvard Business Online. Contact information for institutional shareholders and information about the Investor Relations team members. At the start of the pandemic, we looked ahead to what we believed was going to be a significantly larger and higher margin digital business post-pandemic, and we further invested in our industry-leading digital channel with a focus on expanding our digital fulfillment capabilities. Second Quarter 2022 Results *The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. In his role, Sheamus is responsible for Finance, Accounting, Financial Planning & Analysis, Tax, Treasury, Investor Relations, Internal Audit and Real Estate. HOME; WHO WE ARE. A low double digit decrease in comparable retail sales. Anahi Corrales - Analyst, Investor Relations - Azerion | LinkedIn Operation Smile is an NGO that provides cleft lip and palate repair surgeries to children worldwide Impact: * Participated in surgical events as a Spanish/English interpreter * Organized several events to raise funds for surgeries . Leah Swan joined The Children's Place in 2016 and is currently the company's Chief Operating Officer. The Children's Place issued press releases early this morning and copies of the releases and presentation materials for today's call have been posted on the Investor Relations section. The Children's Place Reports Fourth Quarter and Full Year 2022 Results and Provides 2023 Outlook | The Children's Place Skip to main navigation Investor Home Stock Info Stock Quote & Chart Historical Price Lookup Investment Calculator Analyst Coverage News & Events Press Releases Webcasts Events Investor Presentations Financial Info Find the latest SEC Filings data for Children's Place, Inc. (The) Common Stock (PLCE) at Nasdaq.com. An audio transcript will be available on the Companys website approximately one hour after the conclusion of the call. Jane began her retail career at Macys and is a graduate of Bucknell University where she earned her Bachelor of Science in Business Administration and currently serves on their Board of Trustees. Mar 17, 2020 7:35AM EDT SECAUCUS, N.J., March 17, 2020 (GLOBE NEWSWIRE) -- The Children's Place, Inc. (Nasdaq: PLCE) today, we issued our fiscal fourth quarter and full year 2019 financial. This initiative reflected the highly competitive environment, rapidly changing consumer shopping preferences, and falling birthrates. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. Net interest expense was $4.3 million in the six months ended July 30, 2022, compared to $9.1 million in the six months ended July 31, 2021. Shaffer is the former Executive Vice President, Chief Operating Officer and Chief Financial Officer of PVH Corp. The Children's Place And The Walt Disney Company Enter Into Definitive Gross profit decreased by $114.1 million to $79.7 million in the three months ended January 28, 2023, compared to $193.8 million in the three months ended January 29, 2022. Mr. Frascotti holds a bachelor's degree from Yale University and a JD from Harvard Law School. OutlookAs the Company has previously indicated and as has had been widely reported across the retail apparel sector, the first six months of 2023 are expected to be impacted by several temporary macro headwinds, primarily resulting from higher input costs, most notably cotton. By the end of 2023, our fleet optimization strategy will be substantially complete, positioning us in the optimum brick and mortar locations to service our millennial and Gen Z consumers omni-channel shopping preferences. We know our customer well, and we recognized long before the pandemic that our millennial Moms shopping preferences were rapidly shifting to digital. Learn more about The Children's Place Board of Directors on The Children's Place Corporate Website. Prior to his retirement in 2015, Mr. Bachman was a partner at the accounting firm of PricewaterhouseCoopers LLP. Net loss was $1.1 million, or ($0.09) per share, in the twelve months ended January 28, 2023, compared to net income of $187.2 million, or $12.59 per diluted share, in the twelve months ended January 29, 2022. SECAUCUS, N.J., June 05, 2023 (GLOBE NEWSWIRE) -- The Childrens Place, Inc. (Nasdaq: PLCE),the largest pure-play childrens specialty apparel retailer in North America, today announced the expansion of its revolving credit facility from $350 million to $445 million. I am grateful to lead such a dynamic team and I want to thank all of them for their hard work along this exciting journey., Looking ahead, our growth will be underpinned by our four strategic pillars: superior product, digital dominance, wholesale and international expansion and an optimized fleet. Operating loss was $64.8 million in the three months ended January 28, 2023, compared to operating income of $58.1million in the three months ended January 29, 2022. Mr Frascotti holds a bachelor's degree from Yale University and a JD from Harvard Law School. Selling, general, and administrative expenses were $114.7 million in the three months ended July 30, 2022, compared to $115.6 million in the three months ended July 31, 2021, and compared to $116.4 million in the three months ended August 3, 2019. Now, as we are about to enter our fourth year since the pandemic hit, her preference for on-line shopping has continued to increase. 14500, THE CHILDRENS PLACE, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share amounts)(Unaudited), THE CHILDRENS PLACE, INC.RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION TO GAAP(In thousands, except per share amounts)(Unaudited). These high input costs, which are embedded in inventory that will be liquidated in the first half of 2023, will negatively impact margin rates during the first six months of 2023. Jennifer Groves joined The Children's Place in 2014. Contact: Investor Relations(201) 558-2400 ext. Operating loss was $13.8 million in the three months ended July 30, 2022, compared to operating income of $37.8 million in the three months ended July 31, 2021 and compared to $3.8 million in the three months ended August 3, 2019. Jane is a 34-year retail veteran and a turnaround expert. These rates are subject to downward adjustment in the event that the Company achieves a certain level of EBITDA and based on the amount of the Companys average daily excess availability. Prior to his retirement in 2021, Mr. Frascotti served as Hasbro Inc.'s President and Chief Operating Officer. Having a positive impact begins by supporting Environment, Social and Governance (ESG) practices so we are committed to the following goals: Learn more about our ESG strategy and progress to date. As of July 30, 2022, the Company had $28.2 million of cash and cash equivalents and $283.9 million outstanding on its revolving credit facility. Sheamus is responsible for Finance, Accounting, Financial Planning & Analysis, Tax, Treasury, Investor Relations, Internal Audit and Real Estate. Ms. Griffin is the former Chief Financial Officer and Chief Operating Officer of Framebridge, Inc., an online custom framing brand. Follow Us . Please refer to the Reconciliation of Non-GAAP Financial Information to GAAP later in this press release, which sets forth the non-operating adjustments for the 13- and 52-week periods ended January 28, 2023, and January 29, 2022. Our successful execution of these four Strategic Growth Initiatives have transformed The Childrens Place from what was a predominately Brick and Mortar North American retailer when Jane arrived, to the Global Best in Class Omni Channel Kids Specialty Retailer that we are today! He earned his MBA from the Harvard University Graduate Business School. PLCE - The Children's Place, Inc. - Yahoo Finance Leah earned a Bachelor of Arts degree from the University of Canberra of . We invested in our internal and external teams, our research and processes, and new, state-of-the-art, marketing tools and systems. SEC Filing | The Children's Place Net loss was $50.5 million, or ($4.10) per share, in the three months ended January 28, 2023, compared to net income of $39.0 million, or $2.68 per diluted share, in the three months ended January 29, 2022. Forward-looking statements typically are identified by use of terms such as may, will, should, plan, project, expect, anticipate, estimate and similar words, although some forward-looking statements are expressed differently. These forward-looking statements are based upon the Companys current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results and performance to differ materially. Fiscal Year-To-Date 2022 Results Board of Directors | The Children's Place Corporate Website The decrease in net sales compared to 2021 was primarily due to lapping the COVID-19 stimulus relief program and enhanced child tax credits last year, the impact of a slowdown in consumer demand resulting from the unprecedented inflation impacting our customer, an increase in promotional activity across the sector and the impact of permanent store closures. Previously in her career, Nancy held roles of increasing responsibility at Loehmanns Inc., culminating in her appointment as Senior Vice President, Human Resources. The Company ended the second quarter of 2022 with 658 stores and square footage of 3.1 million, a decrease of 8% compared to the prior year and a decrease of 31% compared to the end of Q2 2019, when the Company operated 961 stores. Adjusted gross margin of 30.2% in Q2 2022 compares to Q2 2019 adjusted gross margin of 33.0%. The Investor Relations website contains information about The Children's Place's business for stockholders, potential investors, and financial analysts. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Our 2021 ESG Report has been prepared with reference to the Global Reporting Initiative (GRI) Standards and in alignment with material Sustainable Accounting Standards Board (SASB) Standards. THE CHILDREN'S PLACE REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS AND PROVIDES 2023 OUTLOOK . Type a symbol or company name. Ms. Beck earned her MBA and MPA from Harvard University. In 2019, The Childrens Place purchased the rights to the Gymboree brand and in early 2020, launched product in select stores and online. Under the guidance of our Board of Directors, The Childrens Place implements and maintains governance practices and policies that align with market best practices. The Company designs, contracts to manufacture, sells at retail and wholesale, and licenses to sell fashionable, high-quality merchandise predominantly at value prices, primarily under the proprietary The Childrens Place, Place, Baby Place, Gymboree and Sugar & Jade brand names. Unassociated Document - SEC.gov
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