The Children’s Place to Webcast Review of Third Quarter 2023 Financial Results
November 14 2023 - 11:16AM
The Children’s Place, Inc. (Nasdaq: PLCE) today
announced that, in conjunction with the release of its third
quarter 2023 financial results, you are invited to listen to the
Company’s conference call on Thursday, November 16, 2023, beginning
at 8:00 a.m. Eastern Time.
To access the webcast, visit
http://investor.childrensplace.com. An archive of the webcast can
be accessed two hours after the live call has concluded.
About The Children’s PlaceThe
Children’s Place is an omni-channel children’s specialty portfolio
of brands with an industry-leading digital-first model. Its
global retail and wholesale network includes four digital
storefronts, more than 500 stores in North America, wholesale
marketplaces and distribution in 16 countries through six
international franchise partners. The Children’s Place is
proud to be a women-led Company, including
industry-leading gender diversity in senior management and
throughout all levels of its workforce, and of its commitment
to sustainable business practices that benefit its customers,
associates, investors, suppliers and the communities it
serves. The Children’s Place designs, contracts to
manufacture, and sells fashionable, high-quality apparel,
accessories and footwear predominantly at value prices, primarily
under its proprietary brands: “The Children’s Place”, “Gymboree”,
“Sugar & Jade”, and “PJ Place”. For more information, visit:
www.childrensplace.com, www.gymboree.com, www.sugarandjade.com and
www.pjplace.com, as well as the Company’s social media channels on
Instagram, Facebook, X, formerly known as Twitter, YouTube and
Pinterest.
Forward Looking StatementsThis
press release contains or may contain forward-looking statements
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to statements relating to the Company’s strategic initiatives and
results of operations, including adjusted net income (loss) per
diluted share. Forward-looking statements typically are identified
by use of terms such as “may,” “will,” “should,” “plan,” “project,”
“expect,” “anticipate,” “estimate” and similar words, although some
forward-looking statements are expressed differently. These
forward-looking statements are based upon the Company's current
expectations and assumptions and are subject to various risks and
uncertainties that could cause actual results and performance to
differ materially. Some of these risks and uncertainties are
described in the Company's filings with the Securities and Exchange
Commission, including in the “Risk Factors” section of its annual
report on Form 10-K for the fiscal year ended January 28, 2023.
Included among the risks and uncertainties that could cause actual
results and performance to differ materially are the risk that the
Company will be unsuccessful in gauging fashion trends and changing
consumer preferences, the risks resulting from the highly
competitive nature of the Company’s business and its dependence on
consumer spending patterns, which may be affected by changes in
economic conditions (including inflation), the risks related to the
COVID-19 pandemic, including the impact of the COVID-19 pandemic on
our business or the economy in general, the risk that the Company’s
strategic initiatives to increase sales and margin are delayed or
do not result in anticipated improvements, the risk of delays,
interruptions, disruptions and higher costs in the Company’s global
supply chain, including resulting from COVID-19 or other disease
outbreaks, foreign sources of supply in less developed countries,
more politically unstable countries, or countries where vendors
fail to comply with industry standards or ethical business
practices, including the use of forced, indentured or child labor,
the risk that the cost of raw materials or energy prices will
increase beyond current expectations or that the Company is unable
to offset cost increases through value engineering or price
increases, various types of litigation, including class action
litigations brought under consumer protection, employment, and
privacy and information security laws and regulations, the
imposition of regulations affecting the importation of
foreign-produced merchandise, including duties and tariffs, and the
uncertainty of weather patterns. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date they were made. The Company undertakes no
obligation to release publicly any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
Contact: Investor Relations (201)
558-2400 ext. 14500
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