Children's Place

5.49

-0.1700-3.00%

Post-market: 5.770.2800+5.10%19:58 EDT

Volume:833.89K

Turnover:4.84M

Market Cap:120.98M

PE:-1.21

High:6.38

Open:5.91

Low:5.48

Close:5.66

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Children's Place Inc reports results for the quarter ended January 31 - Earnings Summary

Reuters

·

12 Apr

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Mattel shares added 1% and TKO climbed 3.1%.Netflix  is testing a new AI search technology that aims to refine how users explore its catalog, Bloomberg reported Saturday. Its shares rose 1.4%.Children's Place  shares dropped nearly 14%. The company reported late Friday a fiscal Q4 adjusted net loss of $0.75 per diluted share, narrowing from a $7.37 loss a year earlier. Two analysts polled by FactSet, on average, expected adjusted net income of $0.26. 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The children's apparel retailer posted a net loss of $8 million, compared with a loss of $128.8 million a year earlier. Sales fell 10% to $408.6 million. Interim CEO Muhammad Umair said that potential tariffs could hurt the apparel sector: \"We do expect margin pressure as a result.\" Shares fall 3.5%, to $6.54, in after-hours trading.NextPlat put plans to bring new products to Chinese consumers on hold after Beijing raised tariffs on U.S. goods. The company, which helps businesses sell their goods domestically and internationally via ecommerce platforms, said the change in plans is expected to have a material impact on sales of U.S. products in China. It added that escalating trade tensions would limit the ability of U.S. products to compete with locally produced goods. 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Through Friday's close, shares have fallen 35% year to date.The children's clothing retailer said that it expects margin pressure from tariffs. Executive Chairman Turki AlRajhi added that the company recently hired a head of sourcing to lead its supply chain response to tariffs, whose results aren't expected to be immediate.\"We are continuously assessing the effect of newly announced tariffs from various countries and aim to adjust our strategies to sell the current low-cost inventory effectively and wisely,\" AlRajhi said in a letter to shareholders. \"As the sourcing cycle in retail companies requires considerable lead times, we expect it will take a few quarters before the results of these efforts are reflected.\"","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":"Children's Place Shares Drop on Lower 4Q Sales, 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