The Children’s Place to Webcast Review of First Quarter 2020 Financial Results
05 June 2020 - 6:49AM
The Children’s Place, Inc. (Nasdaq: PLCE) today
announced that, in conjunction with the release of its first
quarter 2020 financial results, you are invited to listen to the
Company’s conference call on Thursday, June 11, 2020, beginning at
8:00 a.m. Eastern Time.
To access the webcast, visit
http://investor.childrensplace.com. An archive of the webcast can
be accessed two hours after the live call has concluded.
About The Children’s PlaceThe Children’s Place
is the largest pure-play children’s specialty apparel retailer in
North America. The Company designs, contracts to manufacture, sells
at retail and wholesale, and licenses to sell fashionable,
high-quality merchandise predominantly at value prices, primarily
under the proprietary “The Children’s Place”, “Place”, “Baby
Place,” and “Gymboree” brand names. As of February 1, 2020, the
Company operated 924 stores in the United States, Canada and Puerto
Rico, an online store at www.childrensplace.com, and had 266
international points of distribution open and operated by its eight
franchise partners in 19 countries.
Forward Looking StatementsThis press release
contains or may contain forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, including but not limited to statements
relating to the Company’s strategic initiatives and adjusted net
income per diluted share. Forward-looking statements
typically are identified by use of terms such as “may,” “will,”
“should,” “plan,” “project,” “expect,” “anticipate,” “estimate” and
similar words, although some forward-looking statements are
expressed differently. These forward-looking statements are
based upon the Company's current expectations and assumptions and
are subject to various risks and uncertainties that could cause
actual results and performance to differ materially. Some of these
risks and uncertainties are described in the Company's filings with
the Securities and Exchange Commission, including in the “Risk
Factors” section of its annual report on Form 10-K for the fiscal
year ended February 1, 2020. Included among the risks and
uncertainties that could cause actual results and performance to
differ materially are the risk that the Company will be
unsuccessful in gauging fashion trends and changing consumer
preferences, risks related to COVID-19 and its impacts on our
markets (including decreased customer traffic, closures of schools
and other activities causing decreased demand for our products and
negative impacts on our customers’ spending patterns due to
decreased income or actual or perceived wealth), the risks
resulting from the highly competitive nature of the Company’s
business and its dependence on consumer spending patterns, which
may be affected by changes in economic conditions, the risk that
the Company’s strategic initiatives to increase sales and margin
are delayed or do not result in anticipated improvements, the risk
of delays, interruptions and disruptions in the Company’s global
supply chain, including resulting from COVID-19 or other disease
outbreaks, foreign sources of supply in less developed countries or
more politically unstable countries, the risk that the cost of raw
materials or energy prices will increase beyond current
expectations or that the Company is unable to offset cost increases
through value engineering or price increases, various types of
litigation, including class action litigations brought under
consumer protection, employment, and privacy and information
security laws and regulations, the imposition of regulations
affecting the importation of foreign-produced merchandise,
including duties and tariffs, and the uncertainty of weather
patterns. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
they were made. The Company undertakes no obligation to release
publicly any revisions to these forward-looking statements that may
be made to reflect events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events.
Contact: Anthony Attardo, CFA, Director,
Investor Relations, (201) 453-6693
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