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Stock impact report

The Children’s Place Reports Second 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 Q2 GAAP EPS of ($1.01) versus $1.60 in Q2 2021 and $0.10 in Q2 2019Reports Q2 Adjusted EPS of ($0.89) versus $1.71 in Q2 2021 and $0.19 in Q2 2019Provides Full Year 2022 Adjusted EPS Guidance of $7.00Provides Third Quarter 2022 Adjusted EPS Guidance of $3.95 SECAUCUS, N.J., Aug. 17, 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 second quarter ended July 30, 2022. Jane Elfers, President and Chief Executive Officer announced, “Our Q2 sales and profitability fell well short of our expectations due to a significant miss to our internal retail sales projections in the period from early June through early July. The combination of an unexpected and meaningful increase in promotional activity from our key competitors and the widely reported inflation-driven consumer slowdown, put significant downward pressure on our fashion AUR’s and margins Show less Read more
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