PLCE - Robbins LLP Reminds Investors of the Pending Lead Plaintiff Deadline in the Children's Place Inc. (PLCE) Class Action | Benzinga

SAN DIEGO, April 17, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all those who purchased or otherwise acquired The Children's Place, Inc. (NASDAQ:PLCE) securities between March 16, 2023 and February 8, 2024. The Children's Place is a specialty portfolio of children's brands. The Company designs, contracts to manufacture, and sells apparel, accessories and footwear, primarily under its proprietary brands: "The Children's Place," "Gymboree," "Sugar & Jade," and "PJ Place."

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The Allegations: The Children's Place (PLCE) Allegedly Overstated its Inventory Levels

According to the complaint, on February 9, 2024, The Children's Place announced its preliminary fourth quarter fiscal year 2023 financial results, revealing that it now expected fourth quarter net sales between $454 million and $456 million, falling short of previously issued guidance. The Company also disclosed that it would expect to incur an adjusted ...

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