secwatch.observer — SEC 8-K summary
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Issuer:     Childrens Place, Inc. (PLCE)
CIK:        0001041859
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0001104659-23-092844
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1041859/000110465923092844/0001104659-23-092844-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1041859/000110465923092844/tm2323942d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-092844

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