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Stock impact report

The Children’s Place Reports First Quarter 2023 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 ($2.33) versus $1.43 in Q1 2022 Reports Q1 Adjusted EPS of ($2.00) versus $1.05 in Q1 2022 Expects Double-Digit Operating Margin and Adjusted EPS of Over $5.00 in the Back Half of 2023 SECAUCUS, N.J., May 24, 2023 (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 29, 2023. Jane Elfers, President and Chief Executive Officer, announced, “Our first quarter results were negatively impacted by the ongoing macro-tension which resulted in outsized pressure on our core customer by limiting their purchasing power.”  Ms. Elfers continued, “Our Easter assortments from both our TCP and Gymboree brands performed exceptionally well. Our digital sales trend significantly outperformed our stores sales trend for the quarter. Digital represented 46% of our retail sales versus 45% in Q1 2022 and our digital traffic wa Show less Read more
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