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Yahoo
15-04-2025
- Lifestyle
- Yahoo
Dress your kids for Easter with these adorable spring outfits
Fox News and its syndication partners may earn a commission if you buy through our referral links. This content was created by a team that works independently from the Fox newsroom. Outside its spiritual significance, Easter has become a festive holiday where kids dress up for egg hunts, church services, family dinners and treats from the Easter bunny. For many families, dressing children in festive attire is an integral part of the holiday, symbolizing the joy and freshness of spring. This year, children's Easter fashions are a mix of classic elegance and charm. The styles feature pastel hues, playful patterns and comfortable fabrics suitable for everything from church services to egg hunts. Here are 10 Easter outfit ideas to help you dress your little ones. Original price: $14 This adorable onesie from Carter's features a charming Easter-themed design, perfect for your baby's first celebration. Made from soft, breathable cotton, it ensures comfort throughout the day's festivities. It can be paired with this adorable skort for girls, and for boys, some cotton pull-on pants, both in spring colors and prints. Don't forget this crochet bunny hat to keep the baby's head warm and toasty while on that outdoor egg hunt! Original price: $22.95 Read On The Fox News App These snug-fit pajamas at The Children's Place showcase a delightful bunny print emblazoned with the phrase "Egg Hunting Squad," ideal for celebrating Easter morning. Made from 100% cotton, they provide a cozy and comfortable holiday pajama choice for your tot. If you have multiple kids and like sibling matching, there's an option for boys too! These soft and fluffy bunny slippers on Amazon complete the look! If you're an Amazon Prime member, you can get these items to your door ASAP. You can join or start a 30-day free trial to start your shopping today. This Polo Ralph Lauren sundress at Nordstrom is the perfect choice for a dressier event, like church or a family dinner. It features a vibrant lemon and floral print, capturing the essence of spring. The lightweight cotton fabric and tiered skirt make it a comfortable and stylish choice for Easter gatherings. If that's above your budget, but you love the lemon-print, consider this similar style at The Children's Place. Boys can also partake in this lemon trend with this button-down shirt from paired with classic khaki pants from Old Navy. This frilly frock from Bisby at Nordstrom screams spring, with its several layers of pastel colors and ruffled sleeves. She'll be the belle of the Easter ball with this one-and-done piece. All you need are a pair of classic patent leather Mary Janes and this straw crossbody bag to complete the look! With its lighter fabric and light blue pinstripes, this seersucker suit offers a dressier look for boys. This Gino Giovanni ensemble features a tailored jacket with a notched lapel and coordinating pants that have an elastic waistband for an easy fit. Pair with a crisp white button-down underneath and some Hey Dude Wally loafers for an on-trend look. Get Ready For Warmer Weather With These Sunglasses This playful graphic t-shirt on Amazon features a clever Eggs-cavator design, combining Easter themes with a motif that boys will love. Made from soft cotton, it's perfect for showing some Easter spirit at school. The same goes for this budget-friendly design at The Children's Place. If you're looking to go beyond the ubiquitous "My First Easter" onesie for your baby this Easter, Carter's offers this charming three-piece set, featuring a gingham-print button-down shirt, chino pants and suspenders. The shirt's classic design complements the tailored look of the pants, creating an adorably polished appearance for your little guy. The brand offers a similar set with a shirt and shorts for the big brother, too! 10 Products To Take Care Of Your Indoor Plants In The Spring Original price: $49.95 This adorable bunny-printed dress from The Children's Place showcases a whimsical print, complemented by delicate ruffle details. Its soft fabric and comfortable fit make it ideal for both formal gatherings and casual ones. Be sure to grab this button-front cardigan at Old Navy so she can toss it on over her dress if it's a chilly day. Sometimes the occasion calls for an opportunity to play dress up. This elegant dress from Lito Children's Wear features a satin bodice paired with an embroidered skirt, exuding timeless charm. The removable sash and flower add a customizable touch, while the zipper back closure ensures easy dressing for your little lady. These bunny Mary Jane's with glittery ears are the perfect complement to her fancy dress. If you really want to make her day, pick up this matching accessory pack on Amazon that comes with an Easter bonnet, a strand of pearls, white gloves and a straw bag! For more Deals, visit This classic three-piece boys' suit set from Lolanta on Amazon includes a tailored blazer, pants and a bow tie. It offers a perfectly pulled-together look for Easter festivities. It has all the essentials in one package and is budget-friendly! It comes in several different colors and prints, including a pastel pink. Just be sure to pick up these Bruno Marc oxford shoes, so your ensemble is complete!Original article source: Dress your kids for Easter with these adorable spring outfits
Fox News
15-04-2025
- Entertainment
- Fox News
Dress your kids for Easter with these adorable spring outfits
Outside its spiritual significance, Easter has become a festive holiday where kids dress up for egg hunts, church services, family dinners and treats from the Easter bunny. For many families, dressing children in festive attire is an integral part of the holiday, symbolizing the joy and freshness of spring. This year, children's Easter fashions are a mix of classic elegance and charm. The styles feature pastel hues, playful patterns and comfortable fabrics suitable for everything from church services to egg hunts. Here are 10 Easter outfit ideas to help you dress your little ones. Original price: $14 This adorable onesie from Carter's features a charming Easter-themed design, perfect for your baby's first celebration. Made from soft, breathable cotton, it ensures comfort throughout the day's festivities. It can be paired with this adorable skort for girls, and for boys, some cotton pull-on pants, both in spring colors and prints. Don't forget this crochet bunny hat to keep the baby's head warm and toasty while on that outdoor egg hunt! Original price: $22.95 These snug-fit pajamas at The Children's Place showcase a delightful bunny print emblazoned with the phrase "Egg Hunting Squad," ideal for celebrating Easter morning. Made from 100% cotton, they provide a cozy and comfortable holiday pajama choice for your tot. If you have multiple kids and like sibling matching, there's an option for boys too! These soft and fluffy bunny slippers on Amazon complete the look! If you're an Amazon Prime member, you can get these items to your door ASAP. You can join or start a 30-day free trial to start your shopping today. This Polo Ralph Lauren sundress at Nordstrom is the perfect choice for a dressier event, like church or a family dinner. It features a vibrant lemon and floral print, capturing the essence of spring. The lightweight cotton fabric and tiered skirt make it a comfortable and stylish choice for Easter gatherings. If that's above your budget, but you love the lemon-print, consider this similar style at The Children's Place. Boys can also partake in this lemon trend with this button-down shirt from paired with classic khaki pants from Old Navy. This frilly frock from Bisby at Nordstrom screams spring, with its several layers of pastel colors and ruffled sleeves. She'll be the belle of the Easter ball with this one-and-done piece. All you need are a pair of classic patent leather Mary Janes and this straw crossbody bag to complete the look! With its lighter fabric and light blue pinstripes, this seersucker suit offers a dressier look for boys. This Gino Giovanni ensemble features a tailored jacket with a notched lapel and coordinating pants that have an elastic waistband for an easy fit. Pair with a crisp white button-down underneath and some Hey Dude Wally loafers for an on-trend look. This playful graphic t-shirt on Amazon features a clever Eggs-cavator design, combining Easter themes with a motif that boys will love. Made from soft cotton, it's perfect for showing some Easter spirit at school. The same goes for this budget-friendly design at The Children's Place. If you're looking to go beyond the ubiquitous "My First Easter" onesie for your baby this Easter, Carter's offers this charming three-piece set, featuring a gingham-print button-down shirt, chino pants and suspenders. The shirt's classic design complements the tailored look of the pants, creating an adorably polished appearance for your little guy. The brand offers a similar set with a shirt and shorts for the big brother, too! Original price: $49.95 This adorable bunny-printed dress from The Children's Place showcases a whimsical print, complemented by delicate ruffle details. Its soft fabric and comfortable fit make it ideal for both formal gatherings and casual ones. Be sure to grab this button-front cardigan at Old Navy so she can toss it on over her dress if it's a chilly day. Sometimes the occasion calls for an opportunity to play dress up. This elegant dress from Lito Children's Wear features a satin bodice paired with an embroidered skirt, exuding timeless charm. The removable sash and flower add a customizable touch, while the zipper back closure ensures easy dressing for your little lady. These bunny Mary Jane's with glittery ears are the perfect complement to her fancy dress. If you really want to make her day, pick up this matching accessory pack on Amazon that comes with an Easter bonnet, a strand of pearls, white gloves and a straw bag! For more Deals, visit This classic three-piece boys' suit set from Lolanta on Amazon includes a tailored blazer, pants and a bow tie. It offers a perfectly pulled-together look for Easter festivities. It has all the essentials in one package and is budget-friendly! It comes in several different colors and prints, including a pastel pink. Just be sure to pick up these Bruno Marc oxford shoes, so your ensemble is complete!
Globe and Mail
11-04-2025
- Business
- Globe and Mail
The Children's Place Reports Fourth Quarter and Full Year 2024 Results
Reports Third Consecutive Quarter of Adjusted Operating Profits Net Sales of $409 million for Fourth Quarter and $1.386 billion for Full Year Significant Improvement in Gross Profit Margin to 29% for Fourth Quarter and 33% for Full Year Lowest Level of SG&A Spending in more than 15 Years during Fourth Quarter and Full Year Improvement in Operating Income of $68.6 million for Fourth Quarter 2024 versus 2023 Significant Improvement in Liquidity Position with Completion of $90 Million Rights Offering subsequent to Year-End SECAUCUS, N.J., April 11, 2025 (GLOBE NEWSWIRE) -- The Children's Place, Inc. (Nasdaq: PLCE), the largest pure-play children's specialty retailer in North America with an omni-channel portfolio of brands and an industry-leading digital-first model, today announced financial results for the fourth quarter ended February 1, 2025. Muhammad Umair, President and Interim Chief Executive Officer said, 'During the fourth quarter, we continued our efforts to expand gross margin, reduce inefficient SG&A spending and remain laser-focused on improving the profitability of the business, which has enabled us to achieve a third consecutive quarter of adjusted operating profits. As expected, along with the ongoing transformation of our business model, these strategic changes and other macroeconomic headwinds have continued to put pressure on top-line sales. However, we remain extremely pleased with the resulting sequential improvement in the gross profit margin for all four quarters this year.' Mr. Umair added, 'With the recent completion of our rights offering, we were also successful in deleveraging our balance sheet. We were able to raise additional capital of $90 million, with $29.8 million in gross cash proceeds, and the remaining $60.2 million being used to pay down a substantial portion of our first term loan from Mithaq. A pro forma balance sheet has been presented in this press release to reflect the impact of the rights offering on our balance sheet, had it been settled prior to the close of our fiscal 2024 year-end.' Mr. Umair continued, 'Looking ahead for fiscal 2025, we remain determined to deliver profitable top-line sales as we continue to refine our omni-channel strategy and rebalance our product mix, by offering relevant product that resonates with parents. As we continue to optimize our marketing spend, we will re-invest in a revitalized loyalty program with a best-in-class unified customer database that will allow us to acquire, retain and reactivate our customers. As part of our reimagined business strategy, we are committed to strengthening and enhancing our store portfolio by improving the performance of our existing store fleet, while developing innovative designs to be used in targeted store openings for both The Children's Place and Gymboree brands in the back-half of 2025 and beyond. Our Executive Chairman, Turki S. AlRajhi, provides a long-term outlook for the Company, with further details on these strategic initiatives and other business priorities, in his letter to shareholders that can be found on our corporate website at: Mr. Umair concluded, 'At a time when many families are already feeling pressure on their wallets, potential tariffs could represent additional headwinds for the apparel sector. We do expect margin pressure as a result, though we believe our existing country migration and diversification strategies have us well-positioned to partially offset potential impacts. At the same time, we see an opportunity as families grow increasingly value-conscious to continue to deliver quality at accessible prices, which can position us to capture trade-down traffic and support our customers when they need us most.' Fourth Quarter 2024 Results Net sales decreased $46.4 million, or 10.2%, to $408.6 million in the three months ended February 1, 2025, compared to $455.0 million in the three months ended February 3, 2024. The decrease in net sales was driven by a combination of the anticipated decrease in e-commerce revenue, as the Company proactively rationalized its unprofitable promotional strategies, inflated marketing spending and 'free shipping' offers to improve profitability. The Company also experienced a decrease in brick-and-mortar revenue due to a lower store count and lower sales volume. This was partially offset by an increase in wholesale revenue, as we continue to strengthen relationships with our partners. We are exploring opportunities to expand our wholesale relationships and identify new revenue streams that can drive further revenue growth and profitability. Comparable retail sales decreased 15.3% for the quarter, largely driven by the planned decrease in e-commerce revenue, as the Company proactively sacrificed unprofitable sales to improve profitability. Gross profit increased $17.7 million to $116.6 million in the three months ended February 1, 2025, compared to $98.9 million in the three months ended February 3, 2024. The gross margin rate increased 680 basis points to 28.5% during the three months ended February 1, 2025, compared to 21.7% in the prior year period. The increase in margin was caused by a combination of factors, including reductions in product input costs, including cotton and supply chain costs, which negatively impacted margins in the prior year. These improvements in input costs were combined with the success of the Company's strategies to rationalize profit-draining promotions and limit unprofitable shipping offers, in addition to optimized shipping carrier rates, which resulted in a significant reduction in freight costs. Selling, general, and administrative expenses were well-controlled at $100.6 million in the three months ended February 1, 2025, compared to $117.6 million in the three months ended February 3, 2024. Adjusted selling, general, and administrative expenses were $99.5 million in the three months ended February 1, 2025, compared to $118.7 million in the comparable period last year, and leveraged 170 basis points to 24.4% of net sales, despite the planned lower sales. This decrease was due to significant reductions in marketing expenses, as the Company eliminated inflated and unprofitable marketing costs and to a lesser extent, due to reductions in store payroll and corporate payroll. Similar to the third quarter, this represents the lowest level of Adjusted selling, general, and administrative expenses in more than 15 years for the fourth quarter of a fiscal year. Operating income was $6.8 million in the three months ended February 1, 2025, compared to Operating loss of $(61.8) million in the three months ended February 3, 2024. Adjusted operating income was $8.3 million in the three months ended February 1, 2025, compared to an Adjusted operating loss of $(30.9) million in the comparable period last year, and leveraged 880 basis points to 2.0% of net sales. Net interest expense was $8.7 million in the three months ended February 1, 2025, compared to $8.5 million in the three months ended February 3, 2024. The increase was due to the higher amortization of deferred financing costs associated with the unsecured loans entered into with the Company's majority shareholder, Mithaq Capital SPC ('Mithaq'), partially offset by lower average interest rates associated with the Company's revolving credit facility. Provision for income taxes was $6.1 million in the three months ended February 1, 2025, compared to $58.6 million during the three months ended February 3, 2024. The decrease was primarily driven by the establishment of a valuation allowance against the Company's net deferred tax assets in the comparable period last year. The Company continues to adjust the valuation allowance based upon its ongoing operating results. Net loss was $(8.0) million, or $(0.62) per diluted share, in the three months ended February 1, 2025, compared to $(128.8) million, or $(10.24) per diluted share, in the three months ended February 3, 2024. Adjusted net loss was $(9.6) million, or $(0.75) per diluted share, compared to $(92.7) million, or $(7.37) per diluted share, in the comparable period last year. Fiscal Year 2024 Results Net sales decreased $216.2 million, or 13.5%, to $1.386 billion in the twelve months ended February 1, 2025, compared to $1.603 billion in the twelve months ended February 3, 2024. The decrease in net sales was primarily due to anticipated declines in e-commerce demand due to the rationalization of promotions, reductions in inflated and unprofitable marketing spend and the strategic decision to change 'free shipping' offers, as the Company proactively sacrificed unprofitable sales in an effort to improve profitability. The Company also experienced a decrease in brick-and-mortar revenue due to a lower store count and lower sales volume. This was partially offset by an increase in wholesale revenue, as we continue to strengthen relationships with our partners. Comparable retail sales decreased 13.4% for the twelve months ended February 1, 2025, largely due to the planned decrease in e-commerce revenue. Gross profit increased $14.2 million to $459.5 million in the twelve months ended February 1, 2025, compared to $445.3 million in the twelve months ended February 3, 2024. The gross margin rate increased 530 basis points to 33.1% during the twelve months ended February 1, 2025, compared to 27.8% in the prior year period. The increase in margin was primarily due to reductions in product input costs, including cotton and supply chain costs, which negatively impacted margins in the prior year. These improvements in input costs were combined with the success of the Company's strategies to rationalize profit-draining promotions and limit unprofitable shipping offers, in addition to optimized shipping carrier rates, which resulted in a significant reduction in freight costs. Selling, general, and administrative expenses were $405.6 million in the twelve months ended February 1, 2025, compared to $447.3 million in the twelve months ended February 3, 2024. Adjusted selling, general, and administrative expenses were $370.3 million in the twelve months ended February 1, 2025, compared to $432.5 million in the prior year, and leveraged 30 basis points to 26.7% of net sales. This decrease was due to significant reductions in marketing expenses, as the Company eliminated inflated and unprofitable marketing costs and to a lesser extent, due to reductions in store payroll, corporate payroll and professional fees. The Company was successful in reducing Adjusted selling, general, and administrative expenses by $62.3 million despite an increase in incentive compensation and equity compensation of $11.1 million. This represents the lowest level of Adjusted selling, general, and administrative expenses in more than 15 years for a full fiscal year. Operating loss was $(13.7) million in the twelve months ended February 1, 2025, compared to $(83.8) million in the twelve months ended February 3, 2024. Operating loss was impacted by incremental expenses of $66.4 million, which included an impairment charge of $28.0 million on the Gymboree tradename, primarily due to reductions in Gymboree sales forecasts, restructuring costs of $11.7 million primarily due to changes in the senior leadership team, several charges due to the Company's change of control due to the investment in the Company by Mithaq, including $10.8 million of non-cash equity compensation charges and $3.8 million in other fees, and $7.0 million of financing-related charges related to several new financing initiatives. These charges have been classified as non-GAAP adjustments leading to a shift back to profitability with an Adjusted operating income of $52.7 million in the twelve months ended February 1, 2025, or an improvement of $85.2 million compared to an Adjusted operating loss of $(32.5) million in the prior year, and leveraged 580 basis points to 3.8% of net sales. Net interest expense was $35.7 million in the twelve months ended February 1, 2025, compared to $30.0 million in the twelve months ended February 3, 2024. The increase in interest expense was primarily driven by higher interest-equivalent charges from loans entered into with Mithaq, and higher average interest rates associated with the Company's revolving credit facility due to the impact of refinancings, partially offset by lower average borrowings on the revolving credit facility. Provision for income taxes was $8.4 million in the twelve months ended February 1, 2025, compared to $40.7 million during the twelve months ended February 3, 2024. The decrease was primarily driven by the establishment of a valuation allowance against the Company's net deferred tax assets in the prior year and a shift in the jurisdictional earnings mix. The Company continues to adjust the valuation allowance based upon its ongoing operating results. Net loss, which included certain non-cash impairment charges, restructuring charges, and charges due to the Company's change in control, was $(57.8) million, or $(4.53) per diluted share, in the twelve months ended February 1, 2025, compared to $(154.5) million, or $(12.34) per diluted share, in the twelve months ended February 3, 2024. Adjusted net income was $5.5 million, or $0.43 per diluted share, compared to an Adjusted net loss of $(103.3) million, or $(8.25) per diluted share, in the prior year. Store Update During the fourth quarter, the Company opened its first new store in more than two years, which was a Gymboree stand-alone store located in Garden State Plaza Mall. The Company closed 16 stores in the three months ended February 1, 2025, and ended the year with 495 stores. Balance Sheet and Cash Flow As of February 1, 2025, the Company had $5.3 million of cash and cash equivalents, $40.2 million of borrowing availability under its revolving credit facility and an additional $40.0 million of availability under the unsecured Commitment Letter provided by Mithaq, representing total liquidity of $85.5 million. The Company had $245.7 million outstanding on its revolving credit facility and has not drawn down on its Mithaq credit facility. Additionally, the Company used $117.6 million in operating cash flows in the twelve months ended February 1, 2025. Inventories were $399.6 million as of February 1, 2025, compared to $362.1 million as of February 3, 2024. On February 6, 2025, the Company raised $90 million in capital and issued 9.2 million shares of Common Stock, pursuant to the completion of its rights offering. The shares issued were settled through the receipt of $29.8 million in cash, which was substantially used to prepay amounts owed under our revolving credit facility with Wells Fargo and other bank lenders, and a reduction of $60.2 million in the amount owed by the Company under its first term loan from Mithaq. Had the transaction been completed on February 1, 2025, the cash available to prepay our revolving credit facility would have increased to $35.2 million and our aggregate long-term debt due to Mithaq would have decreased to $106.8 million, as of the end of the fiscal year. Refer to the 'Pro forma Balance Sheet' presented later in this press release which reflects the impact of the rights offering on the Company's financial position. Non-GAAP Reconciliation The Company's results are reported in this press release on a GAAP and as adjusted, non-GAAP basis. Adjusted net income (loss), adjusted net income (loss) per diluted share, adjusted gross profit, adjusted selling, general, and administrative expenses, and adjusted operating income (loss) are non-GAAP measures, and are not intended to replace GAAP financial information, and may be different from non-GAAP measures reported by other companies. The Company believes the income and expense items excluded as non-GAAP adjustments are not reflective of the performance of its core business, and that providing this supplemental disclosure to investors will facilitate comparisons of the past and present performance of its core business. Please refer to the 'Reconciliation of Non-GAAP Financial Information to GAAP' later in this press release, which sets forth the non-GAAP operating adjustments for the 13-week period and 52-week period ended February 1, 2025, and for the 14-week period and 53-week period ended February 3, 2024. About The Children's Place The Children's Place is the largest pure-play children's specialty retailer in North America with an omni-channel portfolio of brands and an industry-leading digital-first model. Its global retail and wholesale network includes two digital storefronts, 495 stores in North America, wholesale marketplaces and distribution in 13 countries through six international franchise partners. The Children's Place designs, contracts to manufacture, and sells fashionable, high-quality, head-to-toe outfits predominantly at value prices, primarily under its proprietary brands: 'The Children's Place', 'Gymboree', 'Sugar & Jade', and 'PJ Place'. For more information, visit: and Forward-Looking Statements This 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,' 'believe' 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 'Part 1, item1A. Risk Factors' section of its annual report on Form 10-K for the fiscal year ended February 3, 2024. Included among the risks and uncertainties that could cause actual results and performance to differ materially are the risk that the Company will be unable to achieve operating results at levels sufficient to fund and/or finance the Company's current level of operations and repayment of indebtedness, the risk that changes in trade policy and tariff regimes, including newly imposed U.S. tariffs and any responsive non-U.S. tariffs, may impact the Company's international manufacturing and operations or our customers' discretionary spending habits, 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 risk that changes in the Company's plans and strategies with respect to pricing, capital allocation, capital structure, investor communications and/or operations may have a negative effect on the Company's business, the risk that the Company's strategic initiatives to increase sales and margin, improve operational efficiencies, enhance operating controls, decentralize operational authority and reshape the Company's culture 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 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 securities, consumer protection, employment, and privacy and information security laws and regulations, risks related to the existence of a controlling shareholder, and the uncertainty of weather patterns, as well as other risks discussed in the Company's filings with the SEC from time to time. 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 THE CHILDREN'S PLACE, INC. (In thousands, except per share amounts) (Unaudited) Fourth Quarter Ended Fiscal Year Ended February 1, 2025 February 3, 2024 February 1, 2025 February 3, 2024 Net sales $ 408,562 $ 455,034 $ 1,386,269 $ 1,602,508 Cost of sales 291,977 356,123 926,808 1,157,234 Gross profit 116,585 98,911 459,461 445,274 Selling, general and administrative expenses 100,574 117,587 405,550 447,343 Depreciation and amortization 9,206 11,652 39,612 47,186 Asset impairment charges — 31,429 28,000 34,543 Operating income (loss) 6,805 (61,757) (13,701) (83,798) Related party interest expense (1,939) — (6,493) — Other interest expense, net (6,778) (8,518) (29,254) (30,000) Loss before provision for income taxes (1,912) (70,275) (49,448) (113,798) Provision for income taxes 6,078 58,561 8,371 40,743 Net loss $ (7,990) $ (128,836) $ (57,819) $ (154,541) Loss per common share (1) Basic $ (0.62) $ (10.24) $ (4.53) $ (12.34) Diluted $ (0.62) $ (10.24) $ (4.53) $ (12.34) Weighted average common shares outstanding (1) Basic 12,805 12,577 12,766 12,522 Diluted 12,805 12,577 12,766 12,522 (1) In connection with the completion of the rights offering on February 6, 2025, the Company's weighted average common shares outstanding and basic and diluted loss per share were retroactively adjusted for all periods presented by a factor of 1.002. THE CHILDREN'S PLACE, INC. (In thousands, except per share amounts) (Unaudited) Fourth Quarter Ended Fiscal Year Ended February 1, 2025 February 3, 2024 February 1, 2025 February 3, 2024 Net loss $ (7,990) $ (128,836) $ (57,819) $ (154,541) Non-GAAP adjustments: Fleet optimization 571 1,546 1,428 3,086 Restructuring costs 498 (225) 11,678 10,458 Accelerated depreciation 432 597 2,246 1,959 Asset impairment charges — 31,429 28,000 34,543 Change of control — — 14,589 — Contract termination costs — — 7,008 2,961 Credit agreement / lender-required consulting fees — 1,012 2,390 1,762 Canada distribution center closure — — 781 — Professional and consulting fees — — 580 — Provision for legal settlement — 3,000 (2,279) 3,000 Settlement payment received — (6,461) — (6,461) Aggregate impact of non-GAAP adjustments 1,501 30,898 66,421 51,308 Income tax effect (1) (3,113) 5,228 (3,113) (80) Net impact of non-GAAP adjustments (1,612) 36,126 63,308 51,228 Adjusted net income (loss) $ (9,602) $ (92,710) $ 5,489 $ (103,313) GAAP net loss per common share $ (0.62) $ (10.24) $ (4.53) $ (12.34) Adjusted net income (loss) per common share $ (0.75) $ (7.37) $ 0.43 $ (8.25) (1) The tax effects of the non-GAAP items are calculated based on the statutory rate of the jurisdiction in which the discrete item resides, adjusted for the impact of any valuation allowance. THE CHILDREN'S PLACE, INC. (In thousands, except per share amounts) (Unaudited) Fourth Quarter Ended Fiscal Year Ended February 1, 2025 February 3, 2024 February 1, 2025 February 3, 2024 Operating income (loss) $ 6,805 $ (61,757) $ (13,701) $ (83,798) Non-GAAP adjustments: Fleet optimization 571 1,546 1,428 3,086 Restructuring costs 498 (225) 11,678 10,458 Accelerated depreciation 432 597 2,246 1,959 Asset impairment charges — 31,429 28,000 34,543 Change of control — — 14,589 — Contract termination costs — — 7,008 2,961 Credit agreement / lender-required consulting fees — 1,012 2,390 1,762 Canada distribution center closure — — 781 — Professional and consulting fees — — 580 — Provision for legal settlement — 3,000 (2,279) 3,000 Settlement payment received — (6,461) — (6,461) Aggregate impact of non-GAAP adjustments 1,501 30,898 66,421 51,308 Adjusted operating income (loss) $ 8,306 $ (30,859) $ 52,720 $ (32,490) Fourth Quarter Ended Fiscal Year Ended February 1, 2025 February 3, 2024 February 1, 2025 February 3, 2024 Selling, general and administrative expenses $ 100,574 $ 117,587 $ 405,550 $ 447,343 Non-GAAP adjustments: Fleet optimization (571) (1,546) (1,428) (3,086) Restructuring costs (498) 225 (11,678) (10,458) Change of control — — (13,684) — Contract termination costs — — (7,008) (2,961) Credit agreement / lender-required consulting fees (1,012) (2,390) (1,762) Canada distribution center closure — — (781) — Professional and consulting fees — — (580) — Provision for legal settlement — (3,000) 2,279 (3,000) Settlement payment received — 6,461 — 6,461 Aggregate impact of non-GAAP adjustments (1,069) 1,128 (35,270) (14,806) Adjusted selling, general and administrative expenses $ 99,505 $ 118,715 $ 370,280 $ 432,537 (In thousands) February 1, 2025 February 3, 2024* Assets: Cash and cash equivalents $ 5,347 $ 13,639 Accounts receivable 42,701 33,219 Inventories 399,602 362,099 Prepaid expenses and other current assets 20,354 43,169 Total current assets 468,004 452,126 Property and equipment, net 97,487 124,750 Right-of-use assets 161,595 175,351 Tradenames, net 13,000 41,123 Other assets 7,466 6,958 Total assets $ 747,552 $ 800,308 Liabilities and Stockholders' Deficit: Revolving loan $ 245,659 $ 226,715 Accounts payable 126,716 225,549 Current portion of operating lease liabilities 67,407 69,235 Accrued expenses and other current liabilities 78,336 94,905 Total current liabilities 518,118 616,404 Long-term debt — 49,818 Related party long-term debt 165,974 — Long-term portion of operating lease liabilities 107,287 118,073 Other long-term liabilities 15,584 25,032 Total liabilities 806,963 809,327 Stockholders' deficit (59,411) (9,019) Total liabilities and stockholders' deficit $ 747,552 $ 800,308 * Derived from the audited consolidated financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended February 3, 2024.
Yahoo
10-04-2025
- Business
- Yahoo
Children's Place (PLCE) Reports Earnings Tomorrow: What To Expect
Kid's apparel and accessories retailer The Children's Place (NASDAQ:PLCE) will be announcing earnings results tomorrow after the bell. Here's what to look for. Children's Place beat analysts' revenue expectations by 3.4% last quarter, reporting revenues of $480.2 million, down 5.7% year on year. It was a slower quarter for the company, with full-year EPS guidance missing analysts' expectations and a significant miss of analysts' EBITDA estimates. Is Children's Place a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Children's Place's revenue to grow 1.6% year on year to $463.6 million, a reversal from the 10.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$1.66 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Children's Place has missed Wall Street's revenue estimates four times over the last two years. With Children's Place being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for apparel and footwear retail stocks. However, the segment has faced declining investor sentiment as Children's Place's peer group is down 3.8% on average over the last month. Children's Place's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $8 (compared to the current share price of $7.14). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Yahoo
06-04-2025
- Business
- Yahoo
The Children's Place, Inc.'s (NASDAQ:PLCE) latest 21% decline adds to one-year losses, institutional investors may consider drastic measures
Given the large stake in the stock by institutions, Children's Place's stock price might be vulnerable to their trading decisions Mithaq Capital owns 62% of the company Using data from company's past performance alongside ownership research, one can better assess the future performance of a company This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Every investor in The Children's Place, Inc. (NASDAQ:PLCE) should be aware of the most powerful shareholder groups. With 78% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). As a result, institutional investors endured the highest losses last week after market cap fell by US$41m. Needless to say, the recent loss which further adds to the one-year loss to shareholders of 19% might not go down well especially with this category of shareholders. Institutions or "liquidity providers" control large sums of money and therefore, these types of investors usually have a lot of influence over stock price movements. As a result, if the downtrend continues, institutions may face pressures to sell Children's Place, which might have negative implications on individual investors. Let's take a closer look to see what the different types of shareholders can tell us about Children's Place. Check out our latest analysis for Children's Place Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that Children's Place does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Children's Place's historic earnings and revenue below, but keep in mind there's always more to the story. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Our data indicates that hedge funds own 5.5% of Children's Place. That catches my attention because hedge funds sometimes try to influence management, or bring about changes that will create near term value for shareholders. Mithaq Capital is currently the largest shareholder, with 62% of shares outstanding. This implies that they have majority interest control of the future of the company. With 5.5% and 1.8% of the shares outstanding respectively, Quinn Opportunity Partners LLC and Jane Elfers are the second and third largest shareholders. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is some analyst coverage of the stock, but it could still become more well known, with time. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can report that insiders do own shares in The Children's Place, Inc.. It has a market capitalization of just US$151m, and insiders have US$3.9m worth of shares, in their own names. This shows at least some alignment, but we usually like to see larger insider holdings. You can click here to see if those insiders have been buying or selling. With a 14% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Children's Place. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. While it is well worth considering the different groups that own a company, there are other factors that are even more important. For instance, we've identified 5 warning signs for Children's Place (4 make us uncomfortable) that you should be aware of. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future . NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
