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The Children's Place Reports Q4 Sales Update Through December [Yahoo! Finance]

Children's Place, Inc. (The) (PLCE) 
Last children's place, inc. (the) earnings: 3/17 07:32 am Check Earnings Report
Company Research Source: Yahoo! Finance
PLCE has announced preliminary net sales results for the first six weeks of the fourth quarter, covering the period from Nov. 3 to Dec. 14, 2024. The omni-channel children's retailer reported a positive net sales growth compared with the previous year. Despite some challenges in PLCE's brick-and-mortar and e-commerce segments, the company saw promising growth in its wholesale business. PLCE's Sales Insights The Children's Place reported a 3.4% year-over-year increase in net sales for the first six weeks of the fourth quarter compared with the same period last year (Oct. 29 to Dec. 9, 2023). This growth marks a positive shift from the year-to-date trend observed in the third quarter and indicates the fourth quarter sales may surpass the previous quarter in overall performance. We note that net sales were down 18.8% year over year in the third quarter. During the reported six-week period, the company saw a decline in brick-and-mortar revenues, due to a lower store count and a lowe Show less Read more
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