Profile
Sector:
Consumer CyclicalIndustry:
Apparel ManufacturingCountry:
United StatesIPO:
19 September 1997Website:
http://www.childrensplace.comNext earnings report:
22 November 2024Last dividends:
13 December 2019Next dividends:
N/APrice
after hours | Fri, 22 Nov 2024 00:17:49 GMTDividend
Analysts recommendations
Institutional Ownership
PLCE Latest News
Iconic Brand Makes a Celebrated Return to Brick-and-Mortar, Embracing a New Era Iconic Brand Makes a Celebrated Return to Brick-and-Mortar, Embracing a New Era
The Children's Place, Inc. has struggled immensely from a weak consumer, the company's weak profitability, and high debt, leading to very rapid store closures and a shifting focus to ecommerce. The Children's Place Q2 report showed signs of a turnaround, and improvements critically needed to carry onto the soon-to-be-reported Q3 report. In a base financial scenario, I estimate a turnaround to not create significant upside from the current PLCE stock level.
SECAUCUS, N.J., Nov. 11, 2024 (GLOBE NEWSWIRE) -- The Children's Place, Inc. (Nasdaq: PLCE) an omni-channel children's specialty portfolio of brands today announced that Philip Ende has been appointed GVP, Head of Real Estate, effective November 11, 2024.
The Children's Place (PLCE) stock price has staged a strong comeback in the past few days, making it one of the best-performing companies in the retail industry. It soared to a high of $17.20, its highest point since March 6, and 233% above its lowest level this month.
The Children's Place, Inc. saw a surprise profit due to cutting unprofitable promotions, reducing marketing spend, and ending free shipping, despite a 7.5% sales decline. Gross profit surged by $24 million, with gross margin expanding by 960 basis points, driven by lower costs and higher prices on units sold. Adjusted net income turned positive at $3.9 million, or $0.30 per share, a significant improvement from a $26.5 million loss last year.
Shares for Children's Place (PLCE) nearly doubled at the close on Wednesday following its profit surprise. George Tsilis talks about the "turnaround story" for the children's clothing store and what it needs to stay successful.
Children's Place Inc (NASDAQ:PLCE) and Sigma Lithium Corp (NASDAQ:SGML) are this week's picks for Schaeffer's Cheap Seats: Stocks Under $20 segment.
Children's Place Inc.'s stock soared 90% as a rare gainer Wednesday after the retailer topped analyst expectations with its first adjusted profit in two years.
Significant Improvement in Gross Profit Margin to 35% Lowest Level of SG&A spending in more than 15 Years during Q2 Incurred a Non-Cash Impairment Charge of $28 Million for Gymboree Tradename Adjusted Operating Income of $14.2 Million after Two Years of Losses during Q2 Positive Adjusted EBITDA, Improving $37.4 Million versus the Prior Year Loss SECAUCUS, N.J., Sept. 11, 2024 (GLOBE NEWSWIRE) -- The Children's Place, Inc. (Nasdaq: PLCE), an omni-channel children's specialty portfolio of brands, today announced financial results for the second quarter ended August 3, 2024.
SECAUCUS, N.J., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Children's Place, Inc. (Nasdaq: PLCE), an omni-channel children's specialty portfolio of brands today announced that Claudia Lima-Guinehut has been appointed Brand President, effective September 9, 2024. Ms. Lima-Guinehut is rejoining The Children's Place, Inc. from Claire's Holdings LLC, where she had served as Executive Vice President and Chief Merchandising Officer since June 2023.
What type of business is Childrens Place?
Children's Place, Inc. is a retail chain of children's clothing brand pure-play in North America. The company offers clothing, shoes, accessories, and other items for children. It designs, contracts for production, and licenses the sale of goods under brands such as The Children's Place, Place, Baby Place, and Gymboree. The American segment of the brand includes stores in the United States and Puerto Rico. The international segment of The Children's Place includes stores in Canada, receipts from wholesale buyers in Canada, and receipts from international franchisees. Online stores are available in each segment on the websites www.childrensplace.com and www.gymboree.com. Children's Place, Inc. was founded in 1969 and is headquartered in Secaucus, New Jersey.
What sector is Childrens Place in?
Childrens Place is in the Consumer Cyclical sector
What industry is Childrens Place in?
Childrens Place is in the Apparel Manufacturing industry
What country is Childrens Place from?
Childrens Place is headquartered in United States
When did Childrens Place go public?
Childrens Place initial public offering (IPO) was on 19 September 1997
What is Childrens Place website?
https://www.childrensplace.com
Is Childrens Place in the S&P 500?
No, Childrens Place is not included in the S&P 500 index
Is Childrens Place in the NASDAQ 100?
No, Childrens Place is not included in the NASDAQ 100 index
Is Childrens Place in the Dow Jones?
No, Childrens Place is not included in the Dow Jones index
When was Childrens Place the previous earnings report?
No data
When does Childrens Place earnings report?
The next expected earnings date for Childrens Place is 22 November 2024