| (USD) | Oct 2023 | Q/Q |
|---|---|---|
| Revenue | 480.2MM | +39% |
| Gross Profit | 162.1MM | +85% |
| Cost Of Revenue | 318.2MM | +23% |
| Operating Income | 45MM | -222% |
| Operating Expenses | 117.1MM | - |
| Net Income | 38.5MM | -209% |
| G&A | 104.8MM | -6% |
| Amortization | 11.7MM | -2% |
| Interest Expense | 8MM | +4% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
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Shares of kid’s apparel and accessories retailer The Children’s Place (NASDAQ:PLCE) jumped 51.5% in the pre-market session after the company announced a new financing agreement with its majority shareholder, Mithaq Capital, for an unsecured and subordinated $90 million term loan. In February 2024, Bloomberg reported that the company hired Centerview Partners to improve its cash reserves "amid a difficult environment for retailers." Given the improved cash position, investors' optimism toward the
Upon Funding, a Waiver of the Event of Default Triggered by the Change in Control Will Be GrantedSECAUCUS, N.J., April 17, 2024 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE), an omni-channel children’s specialty portfolio of brands with an industry-leading digital-first model, today announced that it has entered into a new financing agreement with its majority shareholder, Mithaq Capital SPC (“Mithaq”), for an unsecured and subordinated $90 million term loan, to be funded no late
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Abercrombie and Fitch (NYSE:ANF) and the best and worst performers in the apparel retailer industry.
The kids apparel retailer has skirted a suit related to its alleged use of forever chemicals in school uniforms and other products.
Hibbett (HIBB) delivered earnings and revenue surprises of -0.39% and 2.10%, respectively, for the quarter ended January 2024. Do the numbers hold clues to what lies ahead for the stock?
The Children's Place (PLCE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Company Completes Previously Announced Board Reconstitution;Douglas Edwards Expected to Serve as New Independent Director SECAUCUS, N.J., March 11, 2024 (GLOBE NEWSWIRE) -- —The Children’s Place, Inc. (Nasdaq: PLCE), an omni-channel children’s specialty portfolio of brands with an industry-leading digital-first model, today announced that it has received from its majority shareholder, Mithaq Capital SPC (“Mithaq”), the second tranche of interest-free, unsecured and subordinated term loan funding
In addition to providing financing to The Children's Place, Mithaq Capital's nominees will constitute the majority of the board's directors.
Saudi investment firm Mithaq Capital is providing $78.6 million in interest-free, unsecured and subordinated term loans, starting Thursday.
Proceeds of the New Financing from the Company’s Majority Shareholder to Be Used to Support Operations, Including Vendor and Service Provider Payments Four New Mithaq Nominees Appointed to the Board, with Turki Saleh A. AlRajhi Named Chairman-Elect During Transition Period Company Expects to Close Previously Announced $130 Million Term Loan in March 2024; Continues to Explore Alternative Financing on No Less Favorable Terms SECAUCUS, N.J., Feb. 29, 2024 (GLOBE NEWSWIRE) -- The Children’s Place,