Q4 loss widens; FY2022 net loss $1.1M; guidance for FY2023 adjusted EPS $2.50-$3.00

Childrens Place, Inc.

2022-FY EPS reported -$0.09 revenue$1,708,482,000

Q4 net sales $456.1M (-10.2% YoY); comparable retail sales -12.8%; net loss $50.5M (-$4.10/share) vs net income $39.0M ($2.68) prior year.
FY2022 net sales $1.708B (-10.8%); net loss $1.1M (-$0.09/share) vs net income $187.2M ($12.59) prior year.
Q1 2023 guidance: net sales $335M-$345M; adjusted net loss per share ($1.60)-($1.90). Full year 2023: net sales $1.62B-$1.66B; adjusted EPS $2.50-$3.00.
Closed 59 stores in FY2022; 315 closures since pandemic onset; plans ~100 more in 2023; ended with 613 stores.
Ended Q4 with $16.7M cash, $287.0M revolver outstanding; repurchased 371.5k shares for $14.0M in Q4.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Childrens Place, Inc. updated its fourth quarter and fiscal year ended January 28, 2023 guidance (initiated).

Period: fourth quarter and fiscal year ended January 28, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

On March 16, 2023, the Company issued a press release containing the Company’s financial results for the fourth quarter of the fiscal year ended January 28, 2023 (“Fiscal 2022”) and for Fiscal 2022, and providing an estimated range of adjusted net loss per share for the first quarter of the fiscal year ending February 3, 2024 (“Fiscal 2023”) and of adjusted net income per diluted share for Fiscal 2023.

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Childrens Place, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-033048

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