Children's Place stock falls after sales miss, plans to shutter 300 stores by next year [MarketWatch]
Children's Place, Inc. (The) (PLCE)
Last children's place, inc. (the) earnings: 3/17 07:32 am
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Source: MarketWatch
Children's Place Inc. stock fell 4.3% in Thursday premarket trading after it reported first-quarter sales that missed expectations by a wide margin. The kids retailer posted net losses totaling $114.8 million, or $7.86 per share, after net income of $4.5 million, or 28 cents per share, last year. Adjusted losses of $1.96 per share were ahead of the FactSet consensus for a loss of $2.26 per share. Sales of $225.2 million were down from $412.4 million and well below the FactSet consensus for $272.0 million. Online sales have soared 300%, however 95% of Children's Place stores remain closed with most expected to be operating by July 1. There were 61 stores open as of June 8. Children's Place now plans to close 300 stores by the end of fiscal 2021, with 200 closures by the end of this year. Children's Place stock is down 24.8% for the year to date while teh S&P 500 index is down 1.3% for the period.
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News
- FINAL DEADLINE IMMINENT: The Schall Law Firm Encourages Investors in The Children's Place, Inc. with Losses of $100,000 to Contact the FirmAccesswire
- PLCE Investors Have Opportunity to Lead The Children's Place, Inc. Securities Fraud LawsuitPR Newswire
- Levi & Korsinsky Notifies The Children's Place, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - PLCEAccesswire
- The Children's Place, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before April 29, 2024 to Discuss Your Rights - PLCEAccesswire
- PLCE DEADLINE: ROSEN, LEADING INVESTOR COUNSEL, Encourages The Children's Place, Inc. Investors to Secure Counsel Before Important April 29 Deadline in Securities Class Action – PLCEGlobeNewswire
PLCE
Earnings
- 11/16/23 - Miss
PLCE
Sec Filings
- 4/18/24 - Form SC
- 4/18/24 - Form NT
- 4/18/24 - Form 8-K
- PLCE's page on the SEC website