From RTTNews:

The Children’s Place, Inc. revised its net sales expectation for the fourth quarter of fiscal 2023 to $454 million to $456 million, down from $460 million to $465 million. It also anticipates an adjusted operating loss of negative 8.0% to negative 9.0% of net sales, with total liquidity at approximately $45 million as of February 3, 2024.

The company is seeking new financing and exploring strategic alternatives as it works to support ongoing operations. Further details on fiscal 2023 results and the outlook for fiscal 2024 will be shared during the first quarter earnings release and conference call.

Following the news, shares of The Children’s Place fell 39% in pre-market trade on Friday. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.



Read more: Children’s Place Stock Plummets On Preliminary Q4 Results; Working With Lenders To Obtain Financing