Children's Place Q3 adjusted EPS $3.22 vs $3.33 YoY; guides Q4 adjusted EPS $0.25-$0.45

Childrens Place, Inc.

2023-Q3 EPS reported -$2.06 revenue$1,147,474,000

Net sales $480.2M (-5.7% YoY); comp retail sales -7.3%; ecommerce 57% of retail sales (was 50%).
GAAP EPS $3.05, Adjusted EPS $3.22 vs $3.33 YoY; operating income $45.0M vs $57.8M.
Inventory down 16% to $462M; planning ~64 more store closures in Q4, ending 2023 with ~530 stores.
Q4 guidance: net sales $460-465M, adjusted EPS $0.25-$0.45; FY23 adjusted loss per share ($0.59)-($0.39).
Distribution costs up on higher ecommerce volumes, overtime, and 3PL use; interest expense $7.9M vs $3.8M.

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. reported the third quarter ended October 28, 2023 results: revenue $480.2 million, EPS $3.05. Guidance initiated.

Period: the third quarter ended October 28, 2023
Revenue: $480.2 million
EPS: $3.05
Guidance: initiated
Result: reported results

Exact text from the filing

resulting in what we believe will translate into more consistent and sustainable results over time.” 1 Third Quarter 2023 Results Net sales decreased $28.9 million, or 5.7%, to $480.2 million in the three months ended October 28, 2023, compared to $509.1 million in the three months ended October 29, 2022. The decrease in net sales compared to the third quarter of 2022

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Childrens Place, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-118905

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