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Stock impact report

The Children’s Place Reports First Quarter 2022 Results

Children's Place, Inc. (The) (PLCE) 
Last children's place, inc. (the) earnings: 3/17 07:32 am Check Earnings Report
Company Research Source: GlobeNewswire
 Reports Q1 GAAP EPS of $1.43 versus $3.01 in Q1 2021 and $0.28 in Q1 2019 Reports Q1 Adjusted EPS of $1.05 versus $3.25 in Q1 2021 and $0.36 in Q1 2019 SECAUCUS, N.J., May 19, 2022 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE), the largest pure-play children’s specialty apparel retailer in North America, today announced financial results for the first quarter ended April 30, 2022. Jane Elfers, President and Chief Executive Officer announced, “Our Q1 results were negatively impacted by several factors, the largest being lapping the unprecedented stimulus released into the economy in March of 2021. March sales this year were extremely challenging with sales down approximately 35% versus March 2021.  We also believe that the combination of the unseasonably cold weather that lasted through the end of the quarter in most of our key markets, and the unprecedented levels of inflation, particularly with respect to gasoline and food prices, negatively impacted our Q Show less Read more
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