The Children's Place Reports Preliminary Partial Fourth Quarter Sales Results Through December 14, 2024

Core Insights - The Children's Place, Inc. reported a preliminary net sales increase of 3.4% for the six-week period from November 3, 2024, to December 14, 2024, compared to the same period in the previous year [2] - The company experienced a decrease in brick-and-mortar revenue due to a lower store count, but this was offset by an increase in wholesale revenue [2] - Comparable retail sales decreased by 8.9% during the same period, primarily driven by a decline in e-commerce revenue as the company focused on improving profitability by sacrificing unprofitable sales [3] Sales Performance - Net sales for the reported six-week period were positively impacted by a year-over-year increase, improving on the year-to-date trend from the third quarter of fiscal 2024 [2] - The decrease in brick-and-mortar sales was attributed to a smaller store count, while e-commerce revenue saw a smaller than expected decline [2] - The overall sales performance reflects the company's ongoing efforts to rationalize unprofitable promotional strategies [2][3] Financial Reporting - The preliminary results are unaudited and based on estimates that may change before the final financial results for the fiscal year ending February 1, 2025, are released [4] - Actual results may differ materially from these preliminary figures due to the completion of financial closing procedures and other developments [4]