Children''s Place Shares Plummet As Inflation Batters Q2 Earnings
Children''s Place Inc (NASDAQ: PLCE ) reported a second-quarter FY22 sales decline of 8% year-on-year to $380.89 million, missing the consensus of $382.42 million. The decrease in sales was primarily due to a slowdown in consumer demand resulting from the unprecedented inflation impacting customers. Comparable retail sales decreased 8.7% for the quarter. The gross profit decreased … Full story available on Benzinga.com
Children''s Place Shares Plummet As Inflation Batters Q2 Earnings
Children''s Place Inc (NASDAQ: PLCE ) reported a second-quarter FY22 sales decline of 8% year-on-year to $380.89 million, missing the consensus of $382.42 million. The decrease in sales was primarily due to a slowdown in consumer demand resulting from the unprecedented inflation impacting customers. Comparable retail sales decreased 8.7% for the quarter. The gross profit decreased … Full story available on Benzinga.com