Reports Q4 revenue $456.126M vs $507.803M last year. Jane Elfers, President and Chief Executive Officer commented, "As we previously announced, our 2022 operating results were negatively impacted by unprecedented input costs – the spike in cotton prices, airfreight, and container costs. While we still need to work through this higher cost inventory during the front half of 2023, input cost reductions in the back half of 2023, combined with our strong focus on expense and inventory management and our strategic growth initiatives, are planned to drive double-digit operating margins in the back half of 2023."
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on PLCE:
- The Children’s Place Reports Fourth Quarter and Full Year 2022 Results and Provides 2023 Outlook
- The Children’s Place to Webcast Review of Fourth Quarter and Full Year Fiscal 2022 Financial Results
- Children’s Place downgraded to Market Perform from Outperform at Telsey
- Children’s Place Tanks on Disappointing Q4 Guide
- Children’s Place lowers Q4 adjusted EPS view to ($4.02)-($4.41) from 50c-75c