The Children’s Place Reports Fourth Quarter and Full Year 2023 Results
Children's Place, Inc. (The) (PLCE)
Last children's place, inc. (the) earnings: 3/17 07:32 am
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Source: GlobeNewswire
SECAUCUS, N.J., May 06, 2024 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE), an omni-channel children’s specialty portfolio of brands with an industry-leading digital-first model, today announced financial results for the fourth quarter and fiscal year ended February 3, 2024. Fourth Quarter 2023 ResultsNet sales decreased $1.1 million, or 0.2%, to $455.0 million in the three months ended February 3, 2024, from $456.1 million in the three months ended January 28, 2023. The decrease in net sales compared to the fourth quarter 2022 was primarily due to reductions in retail sales due to lower store count and traffic declines to stores partially offset by continued strength in e-commerce. Comparable retail sales increased 4.8% for the quarter. Gross profit and adjusted gross profit increased by $19.2 million to $98.9 million in the three months ended February 3, 2024, compared to $79.7 million in the three months ended January 28, 2023. Adjusted gross profit leveraged 4
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PLCE
News
- The Children's Place, Inc. (NASDAQ: PLCE) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- The Children's Place (PLCE) Q4 Loss Wider Than Estimates [Yahoo! Finance]Yahoo! Finance
- The Children's Place, Inc. (NASDAQ: PLCE) had its price target lowered by analysts at Telsey Advisory Group from $13.00 to $9.00. They now have a "market perform" rating on the stock.MarketBeat
- The Children's Place Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]Yahoo! Finance
- Levi & Korsinsky Reminds The Children's Place Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 29, 2024 – PLCEAccesswire
PLCE
Earnings
- 5/6/24 - Miss
PLCE
Sec Filings
- 5/15/24 - Form 144
- 5/15/24 - Form 144
- 5/15/24 - Form 144
- PLCE's page on the SEC website