---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-092844"
form_type: "8-K"
ticker: "PLCE"
cik: "0001041859"
company_name: "Childrens Place, Inc."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T07:21:26.967210+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Children's Place Q2 loss widens; back-half EPS guidance $5.00-$5.25

## Summary
- Q2 net sales $345.6M, down 9.3% YoY; GAAP EPS ($2.82) vs ($1.01) prior year.
- Adjusted EPS ($2.12) vs ($0.89) in Q2 2022; adjusted gross margin 25.4% vs 30.2%.
- Inventory down 12.9% to $537M; $348M outstanding on revolving credit facility as of July 29.
- Back-half 2023 adjusted EPS guidance $5.00-$5.25 on ~12.8M shares; full-year EPS $1.00-$1.25.
- Planning to close 80-100 stores in 2023; ended Q2 with 596 stores.

## SEC filing metadata
- accession: 0001104659-23-092844
- form_type: 8-K
- ticker: PLCE
- cik: 0001041859
- company_name: Childrens Place, Inc.
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1041859/000110465923092844/0001104659-23-092844-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1041859/000110465923092844/tm2323942d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-092844
- JSON: https://secwatch.observer/filing/0001104659-23-092844.json
- Plain text: https://secwatch.observer/filing/0001104659-23-092844.txt

## Key facts
- Earnings Releases
  Childrens Place, Inc. reported the second quarter ended July 29, 2023 results: revenue $345.6 million, net income $(35.4) million, or ($2.82) per diluted share, EPS ($2.82) per diluted share. Guidance initiated.
  - Period: the second quarter ended July 29, 2023
  - Revenue: $345.6 million
  - Net income: $(35.4) million, or ($2.82) per diluted share
  - EPS: ($2.82) per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: Net sales decreased $35.3 million, or 9.3%, to $345.6 million in the three months ended July 29, 2023, compared to $380.9 million in the three months ended July 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041859/000110465923092844/0001104659-23-092844-index.htm
- Earnings Releases
  Childrens Place, Inc. reported the back half of 2023 results: net income adjusted EPS in the range of $5.00-$5.25, EPS adjusted EPS in the range of $5.00-$5.25. Guidance initiated.
  - Period: the back half of 2023
  - Net income: adjusted EPS in the range of $5.00-$5.25
  - EPS: adjusted EPS in the range of $5.00-$5.25
  - Guidance: initiated
  - Result: guidance update
  source text: Expects Adjusted EPS in the Range of $5.00-$5.25 for the Back Half of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1041859/000110465923092844/0001104659-23-092844-index.htm

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