earnings
confidence high
sentiment positive
materiality 0.70
Children's Place Q2 adjusted net income $0.30/sh; gross margin up 960bps to 35%
Childrens Place, Inc.
2024-Q2 EPS reported
-$5.50
revenue$587,533,000
- Net sales $319.7M, down 7.5% YoY; gross margin improved 960 bps to 35.0%.
- Adjusted operating income $14.2M (improvement of $39.2M vs prior-year loss); first profit after two years of losses.
- Adjusted net income $3.9M ($0.30 diluted EPS) after two years of losses vs adj. net loss of $(26.5)M ($(2.12)) last year.
- Non-cash impairment of $28M on Gymboree tradename due to reduced sales forecasts.
- Stores posted positive comparable sales for first time in ten quarters; wholesale up double-digits.