BUZZ-Children's Place up on rise in preliminary Q4 net sales

Reuters2024-12-17

** Shares of apparel retailer Children's Place up 9.5% at $11.95 premarket

** Co posts rise in preliminary partial Q4 net sales, helped by strong wholesale demand

** Net sales for six-week period between Nov. 3 and Dec. 14 up 3.4%, compared with prior year six-week period between Oct. 29 and Dec. 9

** Net sales growth improves on YTD trend experienced during Q3, PLCE says

** Comparable retail sales fall 8.9% due to lower e-commerce revenue as e-commerce revenue takes a hit from measures to improve profitability - PLCE

** YTD, stock down 53% as of last close

(Reporting by Juveria Tabassum in Bengaluru)

((Juveria.Tabassum@thomsonreuters.com;))

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