Children's Place (PLCE) Prelim. Q4 Results Miss Consensus
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The Children's Place Announces Preliminary Unaudited Results for the Fourth Quarter 2022
February 6, 2023 6:00 AM ESTSECAUCUS, N.J., Feb. 06, 2023 (GLOBE NEWSWIRE) -- The Childrens Place, Inc. (Nasdaq: PLCE), the largest pure-play childrens specialty apparel retailer in North America, today announced preliminary unaudited results for the fourth quarter of 2022.
Jane Elfers, President and Chief Executive Officer, said We now expect to report a net loss in the range of ($52) million to ($57) million for the fourth quarter. This net loss was primarily due to a deterioration in gross margin for reasons not expected when we provided prior guidance, particularly a... More
