The Children’s Place to Webcast Review of Fourth Quarter and Full Year 2021 Financial Results
March 03 2022 - 7:00AM
The Children’s Place, Inc. (Nasdaq: PLCE) today
announced that, in conjunction with the release of its fourth
quarter and full year 2021 financial results, you are invited to
listen to the Company’s conference call on Wednesday, March 9,
2022, 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”, “Gymboree” and “Sugar & Jade” brand names. The Company
has online stores at www.childrensplace.com, www.gymboree.com
and www.sugarandjade.com and, as of October 30, 2021, the Company
had 703 stores in the United States, Canada, and Puerto Rico and
the Company’s eight international franchise partners had 221
international points of distribution in 17 countries.
Forward Looking Statements
This 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 January 30, 2021.
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, 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 risks related to the COVID-19 pandemic,
including the impact of the COVID-19 pandemic on our business or
the economy in general (including decreased customer traffic,
schools adopting remote and hybrid learning models, closures of
businesses 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, and the
impact of the CARES Act and other legislation related to the
COVID-19 pandemic, and any changes to the CARES Act or such other
legislation), 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, or foreign
sources of supply in less developed countries, more politically
unstable countries, or countries where vendors fail to comply with
industry standards or ethical business practices, including the use
of forced, indentured or child labor, 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: Investor Relations (201)
558-2400 ext. 14500
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