Childrens Place, Inc. (PLCE) Q2 2024 Earnings Call

Concluded Aug 17, 2023

Aug 17, 2023 0 turns

Executive readout · one minute

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Forward guidance

6 guided metrics

Management's latest ranges and targets are included below.

Research coverage

2 live sources

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Revenue $345.60M -9.3% YoY

Diluted EPS -$2.82

Gross margin 25.4% -4.9 pp YoY

Net income -$35.35M

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8-K earnings release Filed Aug 17, 2023 10-Q report Filed Aug 30, 2023

From the 8-K filed Aug 17, 2023.

Metric	Period	Guided	Basis
Adjusted operating income for the six-month period the back half of 2023 (combined 3rd and 4th quarters)	the back half of 2023 (combined 3rd and 4th quarters)	10%	Non-GAAP
Adjusted operating profit for the third quarter Initiated the third quarter of 2023	the third quarter of 2023	13.5%	Non-GAAP
Adjusted net income per diluted share Initiated the third quarter of 2023	the third quarter of 2023	$3.55 – $3.65	Non-GAAP
Net sales for the full year Initiated full year 2023	full year 2023	$1.58B – $1.59B	—
Adjusted operating profit Initiated full year 2023	full year 2023	2.7% – 3%	Non-GAAP
Net income per diluted share Initiated full year 2023	full year 2023	$1.00 – $1.25	GAAP

How the reported period landed and where the business moved.

South$127.71M -12.7% YoY

International and Other$77.11M +9% YoY

Northeast$59.94M -16.9% YoY

West$46.75M -10.8% YoY

Midwest$34.09M -13.1% YoY