Washington, D.C. 20549 FORM 10-K (Mark One) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fifty-two weeks ended February 1, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission file number 0-23071 THE CHILDREN'S PLACE, INC. (Exact name of registrant as specified in its charter) | ...

Earnings season may officially start this coming week, but that hasn't stopped Children's Place (NASDAQ: PLCE ) from bizarrely slipping their latest quarterly results through after market close on Friday April 11, 2025. The timing should probably raise a(Open to new connections via LinkedIn)25 years+ in the financial/investment industry. Currently self employed with my own investor service called The Investment Editors's Cut. Former Senior Managing Editor here at Seeking Alpha; the tail end of an ~11 year s ...

Financial Performance - Net sales for the fourth quarter were $409 million, a decrease of $46.4 million or 10.2% compared to the same period last year[6]. - For the full year, net sales decreased by $216.2 million or 13.5% to $1.386 billion, driven by declines in e-commerce and brick-and-mortar sales[14]. - Net sales for the fourth quarter ended February 1, 2025, were $408.562 million, a decrease of 10.2% compared to $455.034 million for the same period in 2024[34]. - For the fiscal year ended February 3, 2024, net sales were $1.386 billion, down from $1.602 billion in the previous fiscal year, representing a decline of 13.5%[34]. Profitability - Gross profit margin improved to 29% for the fourth quarter and 33% for the full year, reflecting a significant increase from previous periods[1]. - Adjusted net income for the full year was $5.5 million, a significant turnaround from an adjusted net loss of $(103.3) million in the prior year[20]. - The net loss for the fourth quarter was $7.990 million, significantly improved from a net loss of $128.836 million in the same quarter last year[34]. - The adjusted operating income for the fiscal year was $52.720 million, compared to an adjusted operating loss of $32.490 million in the previous year[37]. - Net loss for the fiscal year ended February 1, 2025, was $57,819 thousand, an improvement compared to a net loss of $154,541 thousand for the fiscal year ended February 3, 2024[44]. Expenses and Cost Management - Selling, general, and administrative expenses were reduced to $100.6 million in the fourth quarter, the lowest level in over 15 years[9]. - Selling, general and administrative expenses decreased to $100.574 million in the fourth quarter, down 14.5% from $117.587 million in the prior year[34]. - The company is focused on optimizing its fleet and restructuring costs to better align with market demands and consumer preferences[30]. Liquidity and Cash Flow - The company raised $90 million through a rights offering, enhancing its liquidity position[2]. - Cash and cash equivalents decreased from $13,639 thousand at the beginning of the period to $5,347 thousand at the end of the period, a decline of approximately 60.8%[44]. - The company reported net cash used in operating activities of $117,594 thousand for the fiscal year ended February 1, 2025, compared to net cash provided by operating activities of $92,800 thousand for the previous year[44]. - Net cash provided by financing activities was $128,398 thousand for the fiscal year ended February 1, 2025, compared to net cash used in financing activities of $(68,268) thousand for the previous year[44]. Store Operations - The company opened its first new store in over two years during the fourth quarter, while closing 16 stores, ending the year with 495 stores[21]. - Comparable retail sales decreased by 15.3% for the quarter, primarily due to a planned reduction in e-commerce revenue[7]. Strategic Initiatives - The company plans to enhance its omni-channel strategy and improve its product mix to drive profitable sales in fiscal 2025[4]. - The company plans to continue its strategic initiatives to enhance operational efficiencies and improve sales margins despite ongoing market challenges[30]. Balance Sheet - Total assets decreased from $800,308 thousand in February 3, 2024, to $747,552 thousand in February 1, 2025, representing a decline of approximately 6.6%[40]. - Total liabilities remained relatively stable, decreasing slightly from $809,327 thousand in February 3, 2024, to $806,963 thousand in February 1, 2025[40]. - Total current liabilities decreased from $616,404 thousand in February 3, 2024, to $518,118 thousand in February 1, 2025, a reduction of approximately 16%[40]. - The company’s stockholders' deficit increased from $(9,019) thousand in February 3, 2024, to $(59,411) thousand in February 1, 2025[40]. - The number of shares of common stock outstanding increased from 12,782 thousand to 22,013 thousand post-rights offering[43].

Core Insights - The Children's Place, Inc. reported a net sales of $409 million for the fourth quarter and $1.386 billion for the full year, reflecting a decrease of 10.2% and 13.5% respectively compared to the previous year [4][12] - The company achieved a gross profit margin improvement to 29% for the fourth quarter and 33% for the full year, driven by reduced product input costs and optimized promotional strategies [6][13] - The company completed a $90 million rights offering, enhancing its liquidity position and enabling significant debt reduction [21][23] Financial Performance - Net sales decreased by $46.4 million, or 10.2%, in the fourth quarter, primarily due to a decline in e-commerce revenue and lower brick-and-mortar sales [4][12] - Comparable retail sales fell by 15.3% for the quarter, largely due to the planned decrease in e-commerce revenue [5] - Gross profit increased by $17.7 million to $116.6 million in the fourth quarter, with a gross margin rate increase of 680 basis points to 28.5% [6][8] Cost Management - Selling, general, and administrative expenses were reduced to $100.6 million in the fourth quarter, the lowest level in over 15 years, reflecting a decrease in marketing expenses and payroll [7][15] - Operating income improved to $6.8 million in the fourth quarter, compared to an operating loss of $(61.8) million in the same period last year [8][16] Balance Sheet and Liquidity - As of February 1, 2025, the company had total liquidity of $85.5 million, including $5.3 million in cash and cash equivalents [21] - The rights offering allowed the company to raise $90 million, significantly reducing its long-term debt [23][39] Strategic Initiatives - The company plans to refine its omni-channel strategy and enhance its product mix to better resonate with parents [2] - A new store was opened during the fourth quarter, marking the first new store in over two years, while 16 stores were closed, ending the year with 495 stores [20] - The company aims to strengthen its store portfolio and develop innovative designs for future store openings [2]

Core Insights - The Children's Place, Inc. reported a net sales of $409 million for the fourth quarter and $1.386 billion for the full year, reflecting a decrease of 10.2% and 13.5% respectively compared to the previous year [4][12] - The company achieved a significant improvement in gross profit margin, reaching 29% for the fourth quarter and 33% for the full year, driven by reductions in product input costs and optimized promotional strategies [6][13] - The company completed a $90 million rights offering, enhancing its liquidity position and enabling a substantial reduction in debt [21][23] Financial Performance - Net sales decreased by $46.4 million, or 10.2%, in the fourth quarter, primarily due to a decline in e-commerce revenue and lower brick-and-mortar sales [4][12] - Comparable retail sales fell by 15.3% for the quarter, largely due to the planned decrease in e-commerce revenue [5] - Gross profit increased by $17.7 million to $116.6 million in the fourth quarter, with a gross margin rate increase of 680 basis points to 28.5% [6] - Selling, general, and administrative expenses were reduced to $100.6 million, the lowest level in over 15 years, reflecting a decrease in marketing and payroll costs [7][15] - Operating income improved to $6.8 million in the fourth quarter, compared to an operating loss of $(61.8) million in the same period last year [8] Strategic Initiatives - The company is focused on expanding gross margin and reducing inefficient spending while enhancing profitability through a refined omni-channel strategy [2] - Plans include rebalancing the product mix to better resonate with parents and optimizing marketing spend through a revitalized loyalty program [2] - The company aims to strengthen its store portfolio by improving existing store performance and developing innovative designs for new store openings in 2025 [2] Balance Sheet and Liquidity - As of February 1, 2025, the company had total liquidity of $85.5 million, including $5.3 million in cash and cash equivalents [21] - The rights offering allowed the company to raise $90 million, significantly improving its balance sheet by reducing long-term debt [23][39] - Inventories increased to $399.6 million as of February 1, 2025, compared to $362.1 million a year earlier [22] Market Position and Outlook - The Children's Place is the largest pure-play children's specialty retailer in North America, with a focus on value pricing and quality products [26] - The company anticipates continued margin pressure due to macroeconomic factors but sees opportunities to capture value-conscious consumers [3]

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

Core Insights - The Children's Place, Inc. is the largest pure-play children's specialty retailer in North America with a strong digital-first model [1][2] - The company will release its fourth quarter and year-end fiscal 2024 financial results on April 11, 2025 [1] Company Overview - The Children's Place operates an omni-channel portfolio of brands and has over 500 stores in North America [2] - The company also has a global retail and wholesale network that includes two digital storefronts and distribution in 15 countries through six international franchise partners [2] - The Children's Place focuses on designing, manufacturing, and selling fashionable, high-quality outfits at value prices [2]

SECAUCUS, N.J., March 17, 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, announced the appointment of John Szczepanski as Chief Financial Officer, effective March 31, 2025. He will report to Muhammad Umair, President and Interim Chief Executive Officer. As Chief Financial Officer, Mr. Szczepanski will oversee finance, accounting, financial planning & analysis, tax, treasury, pro ...

SECAUCUS, N.J., March 17, 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, announced the appointment of John Szczepanski as Chief Financial Officer, effective March 31, 2025. He will report to Muhammad Umair, President and Interim Chief Executive Officer. As Chief Financial Officer, Mr. Szczepanski will oversee finance, accounting, financial planning & analysis, tax, treasury, pr ...

SECAUCUS, N.J., Feb. 18, 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, today announced that the Company has appointed Rhys Summerton to the Company’s Board of Directors and as a member of the Audit Committee. Mr. Summerton will hold office until the annual meeting of stockholders of the Company to be held in 2025. Ms. Summerton is an independent director and qualifies as an “a ...