Children's Place up on rise in preliminary Q4 net sales

Children's Place

17/12/2024 14:19

** Shares of apparel retailer Children's Place  PLCE.O  up
9.5% at $11.95 premarket
    ** Co posts rise in preliminary partial Q4 net sales, helped
by strong wholesale demand
    ** Net sales for six-week period between Nov. 3 and Dec. 14
up 3.4%, compared with prior year six-week period between Oct.
29 and Dec. 9
    ** Net sales growth improves on YTD trend experienced during
Q3, PLCE says
    ** Comparable retail sales fall 8.9% due to lower e-commerce
revenue as e-commerce revenue takes a hit from measures to
improve profitability - PLCE
    ** YTD, stock down 53% as of last close

 (Reporting by Juveria Tabassum in Bengaluru)
 ((Juveria.Tabassum@thomsonreuters.com;))