---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-063865"
form_type: "8-K"
ticker: "PLCE"
cik: "0001041859"
company_name: "Childrens Place, Inc."
filed_at: "2023-05-24T23:59:59+00:00"
generated_at: "2026-06-14T15:33:42.254050+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Children's Place Q1 GAAP EPS loss of $2.33; revenue down 11%; cuts FY outlook

## Summary
- Q1 net sales $321.6M, down 11.2% YoY; comp retail sales fell 8.2%.
- GAAP net loss $28.8M ($2.33/sh) vs net income $19.8M ($1.43/sh) last year; adjusted EPS loss $2.00.
- Gross margin contracted 920 bps to 30.0% on higher input costs and fixed-cost deleverage.
- Q2 outlook: net sales $340-345M (-10% YoY); adjusted net loss per share ($2.15)-($2.20).
- FY2023 net sales now $1.575-1.590B (high-single-digit decline); adjusted EPS $1.00-1.50 vs prior $5.00+ back-half target.

## SEC filing metadata
- accession: 0001104659-23-063865
- form_type: 8-K
- ticker: PLCE
- cik: 0001041859
- company_name: Childrens Place, Inc.
- filed_at: 2023-05-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041859/000110465923063865/0001104659-23-063865-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041859/000110465923063865/tm2316555d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-063865
- JSON: https://secwatch.observer/filing/0001104659-23-063865.json
- Plain text: https://secwatch.observer/filing/0001104659-23-063865.txt

## Key facts
- Earnings Releases
  Childrens Place, Inc. reported the first quarter ended April 29, 2023 results: revenue $321.6 million, net income Net loss was $28.8 million, or ($2.33) per share, EPS ($2.33) per share. Guidance lowered.
  - Period: the first quarter ended April 29, 2023
  - Revenue: $321.6 million
  - Net income: Net loss was $28.8 million, or ($2.33) per share
  - EPS: ($2.33) per share
  - Guidance: lowered
  - Result: reported results
  source text: last year, we continue to expect to deliver double digit operating margin in the back half of 2023.” First Quarter 2023 Results Net sales decreased $40.8 million, or 11.2%, to $321.6 million in the three months ended April 29, 2023, compared to $362.4 million in the three months ended April 30, 2022. The decrease in net sales was primarily due to the combination of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041859/000110465923063865/0001104659-23-063865-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.