The Children's Place Reports Q4 Sales Update Through December

Zacks12-18

The Children's Place, Inc. PLCE has announced preliminary net sales results for the first six weeks of the fourth quarter, covering the period from Nov. 3 to Dec. 14, 2024. The omni-channel children's...

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The omni-channel children's...</p>\n\n<a href=\"https://finance.yahoo.com/news/childrens-place-reports-q4-sales-142800923.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Children's Place Reports Q4 Sales Update Through December</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Children's Place Reports Q4 Sales Update Through December\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 22:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/childrens-place-reports-q4-sales-142800923.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Children's Place, Inc. PLCE has announced preliminary net sales results for the first six weeks of the fourth quarter, covering the period from Nov. 3 to Dec. 14, 2024. The omni-channel children's...</p>\n\n<a href=\"https://finance.yahoo.com/news/childrens-place-reports-q4-sales-142800923.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLCE","symbol_name":"儿童之家","start_time":0,"source_url":"https://finance.yahoo.com/news/childrens-place-reports-q4-sales-142800923.html","article_id":"2492413845","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/fXBGDGN3ecFLpfnJQ4TTtA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/a0f3bfdaa08af905af472835e6d1d252"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492413845","pubTimestamp":1734532080,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The Children's Place, Inc. PLCE has announced preliminary net sales results for the first six weeks of the fourth quarter, covering the period from Nov. 3 to Dec. 14, 2024. The omni-channel children's retailer reported a positive net sales growth compared with the previous year. Despite some challenges in PLCE’s brick-and-mortar and e-commerce segments, the company saw promising growth in its wholesale business.The Children's Place ended the fiscal third quarter with cash and cash equivalents of $5.7 million. The company also had $48.3 million in borrowing availability under its revolving credit facility and an additional $40 million under the Commitment Letter provided by Mithaq. PLCE had $362.4 million outstanding on its revolving credit facility. It has not yet utilized the Mithaq credit facility. At the same time, inventory totaled $491.6 million at the end of the fisca","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PLCE":"儿童之家","ANF":"爱芬奇","GCO":"格涅斯科"},"translate_title":"The Children's Place报告截至12月的第四季度销售更新","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PLCE":1,"ANF":0.9,"GCO":0.9},"content_text":"The Children's Place, Inc. PLCE has announced preliminary net sales results for the first six weeks of the fourth quarter, covering the period from Nov. 3 to Dec. 14, 2024. The omni-channel children's retailer reported a positive net sales growth compared with the previous year. Despite some challenges in PLCE’s brick-and-mortar and e-commerce segments, the company saw promising growth in its wholesale business.\nPLCE’s Sales Insights\nThe Children's Place reported a 3.4% year-over-year increase in net sales for the first six weeks of the fourth quarter compared with the same period last year (Oct. 29 to Dec. 9, 2023). This growth marks a positive shift from the year-to-date trend observed in the third quarter and indicates the fourth quarter sales may surpass the previous quarter in overall performance. We note that net sales were down 18.8% year over year in the third quarter. During the reported six-week period, the company saw a decline in brick-and-mortar revenues, due to a lower store count and a lower-than-anticipated decrease in e-commerce revenues as it continued to streamline unprofitable promotional strategies. These declines, however, were offset by an increase in wholesale revenues.Comparable retail sales decreased 8.9% during the six weeks. This decline was primarily caused by lower e-commerce revenues, as the company purposefully focused on profitability over volume, sacrificing unprofitable sales.\nPLCE Stock Past Month Performance\nImage Source: Zacks Investment Research\nPLCE’s New Partnerships and Store Strategies\nThe Children’s Place has taken significant steps to expand its customer base, including a new partnership with SHEIN. This collaboration aims to reach a broader audience by making shopping more seamless, accessible and engaging. Furthermore, PLCE is refocusing its efforts on optimizing the company’s store portfolio, which plays a critical role in the omnichannel strategy. The company closed five stores during the three months ended Nov. 2, 2024, leaving it with 510 stores. Early in the fourth quarter, the company opened its first new store in more than two years, a Gymboree location at Garden State Plaza Mall in Paramus, NJ. These initial steps mark the beginning of a planned investment in real estate and efforts to strengthen landlord relationships. The company acknowledges that it still faces significant challenges in a highly promotional fourth quarter and beyond as PLCE continues to focus on rationalizing profitability.\nSnapshot of PLCE’s Financial Health\nThe Children's Place ended the fiscal third quarter with cash and cash equivalents of $5.7 million.  The company also had $48.3 million in borrowing availability under its revolving credit facility and an additional $40 million under the Commitment Letter provided by Mithaq. PLCE had $362.4 million outstanding on its revolving credit facility. It has not yet utilized the Mithaq credit facility. At the same time, inventory totaled $491.6 million at the end of the fiscal third quarter, an increase from $462.4 million in the same period last year.PLCE stock has fallen 26.2% in the past month against the industry and the S&P 500's growth of 13.3% and 2.6%, respectively.\n3 Apparel Stocks Showing Gains Over the Past Month\nAbercrombie & Fitch Co. ANF operates as an omnichannel retailer, which offers an assortment of apparel, personal care products and accessories for men, women and kids, currently sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.ANF delivered a trailing four-quarter earnings surprise of 14.8%, on average. The Zacks Consensus Estimate for Abercrombie’s current financial-year sales and earnings indicates growth of 14.9% and 69%, respectively, from the year-ago figure. ANF has gained 7.2% in the past month.The Gap, Inc. GAP operates as an apparel retail company, which offers apparel, accessories and personal care products for men, women and children. It currently flaunts a Zacks Rank #1. GAP delivered a trailing four-quarter earnings surprise of 101.2%, on average.The Zacks Consensus Estimate for Gap’s current financial-year sales and earnings indicates growth of 0.8% and 41.3%, respectively, from the year-ago quarter’s reported numbers. Share of GAP has risen 18.5% in the past month.Genesco Inc. GCO operates as a retailer and wholesaler of footwear, apparel and accessories, sporting a Zacks Rank #1. GCO delivered a trailing four-quarter earnings surprise of 36.9%, on average.The Zacks Consensus Estimate for Genesco’s current financial-year earnings implies growth of 44.6% from the year-ago reported figures. GCO rallied 47.5% in the past month.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nAbercrombie & Fitch Company (ANF) : Free Stock Analysis Report\nThe Gap, Inc. (GAP) : Free Stock Analysis Report\nThe Children's Place, Inc. (PLCE) : Free Stock Analysis Report\nGenesco Inc. (GCO) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492413845"}