The Children's Place(US:PLCE)2022-05-19 16:24Financial Performance - The Children's Place's Q1 2022 net sales were $362 million, a 17% decrease compared to $435 million in Q1 2021 and a 12% decrease compared to $412 million in Q1 2019[9] - The company's Q1 2022 adjusted operating income was 5.7%, a decrease of 1050 basis points compared to last year, but an increase of 410 basis points compared to 2019[9] - Q1 2022 adjusted EPS was $1.05, compared to $0.36 in 2019, representing a 192% increase[13] - The company returned $39 million to shareholders through share repurchases in Q1 2022[15, 16] Digital Performance - Digital penetration accounted for 45% of revenue[4] - Mobile transactions, including mobile app, accounted for 73% of total transactions in Q1 2022[21, 25] - Mobile App user base increased by 76% in the trailing 12 months[21, 25] - App customers drive a 16% increase in AOV and 50% increase in revenue per visit vs non-App customers[25, 26] Brand & Social Media - The company experienced a 40% increase in social follower growth compared to Q4[30] - The Children's Place brand saw a 66% increase in engagement rate vs Q4 2021[32] - Gymboree experienced a 45% increase in follower count and a 70% increase in engagement rate vs Q4 2021[33]