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PLCE - Why Children's Place Stock Took a Dive Today
Children's Place Inc. (The)
Shares of Children's Place (NASDAQ: PLCE) , the leading pure-play children's apparel retailer, fell today after the company delivered disappointing results in its second-quarter earnings report.
As of 2 p.m. ET, the stock was down 12.5%.
Faced with pressure from inflation, the consumer slowdown, markdowns from competitors, and supply chain issues, Children's Place reported a surprise loss of $0.89 per share on an adjusted basis. That compares to analysts' estimate for a per-share profit of $0.56.