$PLCE

Childrens Place, Inc.

CIK:0001041859|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Net sales	$ 241,800	$ 298,006	$ 457,025	$ 540,131
Cost of sales (exclusive of depreciation and amortization)	158,522	196,734	320,397	368,076
Gross profit	83,278	101,272	136,628	172,055
Selling, general, and administrative expenses	90,061	89,596	178,925	176,266
Depreciation and amortization	6,254	7,570	12,920	15,800
Operating income (loss)	(13,037)	4,106	(55,217)	(20,011)
Interest income	40	17	48	27
Loss before provision (benefit) for income taxes	(31,289)	(3,912)	(83,158)	(36,591)
Provision (benefit) for income taxes	(338)	1,453	984	2,797
Net loss	$ (30,951)	$ (5,365)	$ (84,142)	$ (39,388)
Loss per common share
Basic (in dollars per share)	$ (1.39)	$ (0.24)	$ (3.79)	$ (1.80)
Diluted (in dollars per share)	$ (1.39)	$ (0.24)	$ (3.79)	$ (1.80)
Weighted average common shares outstanding
Basic (in shares)	22,237	22,142	22,223	21,885
Diluted (in shares)	22,237	22,142	22,223	21,885
Related party
Interest expense	$ (2,099)	$ (1,868)	$ (4,041)	$ (3,740)
Nonrelated Party
Interest expense	$ (16,193)	$ (6,167)	$ (23,948)	$ (12,867)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (84,142)	$ (39,388)
Reconciliation of net loss to net cash used in operating activities:
Non-cash portion of operating lease expense	33,406	35,571
Depreciation and amortization	12,920	15,800
Amortization of financing costs	14,461	1,429
Non-cash stock-based compensation expense (benefit), net	(477)	2,677
Loss on extinguishment of debt	0	1,039
Other non-cash charges, net	0	1,218
Changes in operating assets and liabilities:
Inventories	(15,743)	(41,914)
Accounts receivable	(18,683)	(11,633)
Prepaid expenses	5,796	(8,720)
Income taxes payable, net of prepayments	1,990	(8,303)
Other non-current assets	2,084	(1,245)
Accounts payable and other current liabilities	37,933	16,247
Lease liabilities	(30,316)	(35,307)
Other long-term liabilities	8,472	(907)
Net cash used in operating activities	(32,299)	(73,436)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(13,698)	(4,843)
Net cash used in investing activities	(13,698)	(4,843)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving credit facility	310,091	365,258
Repayments under revolving credit facility	(281,089)	(316,500)
Proceeds from rights offering	0	90,000
Purchase and retirement of common stock	(33)	(422)
Proceeds from issuance of related party term loan	15,000	0
Payment of debt issuance costs	(713)	0
Proceeds from short-term debt	42,301	0
Repayment of short-term debt	(37,175)	0
Payment of stock issuance costs	0	(395)
Net cash provided by financing activities	48,382	77,754
Effect of exchange rate changes on cash and cash equivalents	(698)	2,976
Net increase in cash and cash equivalents	1,687	2,451
Cash and cash equivalents, beginning of period	5,489	5,347
Cash and cash equivalents, end of period	7,176	7,798
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Net cash paid (received) for income taxes	(858)	11,140
Cash paid for interest	9,616	13,774
Purchases of property and equipment not yet paid	5,517	6,432
Related party
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of related party term loan	$ 0	$ (60,187)

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026	Aug. 02, 2025
Current assets:
Cash and cash equivalents	$ 7,176	$ 5,489	$ 7,798
Accounts receivable	44,616	25,967	54,365
Inventories	340,213	325,100	442,705
Prepaid expenses and other current assets	34,090	41,441	38,987
Total current assets	426,095	397,997	543,855
Long-term assets:
Property and equipment, net	84,924	81,658	89,445
Right-of-use assets	207,793	164,495	151,145
Tradenames, net	13,000	13,000	13,000
Other assets	10,495	13,149	7,652
Total assets	742,307	670,299	805,097
Current liabilities:
Revolving loan	160,080	131,078	294,417
Accounts payable	146,201	108,481	132,436
Current portion of operating lease liabilities	62,772	57,236	60,546
Income taxes payable	1,646	2,945	2,043
Short-term debt	17,833	0	0
Accrued expenses and other current liabilities	91,261	88,149	94,454
Total current liabilities	479,793	387,889	583,896
Long-term liabilities:
Long-term portion of operating lease liabilities	161,249	120,410	103,982
Other tax liabilities	3,626	3,520	5,523
Other long-term liabilities	15,998	7,521	9,370
Total liabilities	881,279	724,482	809,964
Commitments and contingencies (see Note 7)
Stockholders’ deficit:
Preferred stock, $1.00 par value, 1,000 shares authorized, 0 shares issued and outstanding	0	0	0
Common stock, $0.10 par value, 100,000 shares authorized; 22,240, 22,171, and 22,171 issued; 22,238, 22,169, and 22,168 outstanding	2,224	2,217	2,217
Additional paid-in capital	242,201	242,718	242,407
Treasury stock, at cost (2, 2, and 3 shares)	(68)	(68)	(90)
Deferred compensation	68	68	90
Accumulated other comprehensive loss	(18,308)	(18,171)	(17,419)
Accumulated deficit	(365,089)	(280,947)	(232,072)
Total stockholders’ deficit	(138,972)	(54,183)	(4,867)
Total liabilities and stockholders’ deficit	742,307	670,299	805,097
Nonrelated Party
Long-term liabilities:
Long-term debt	97,718	97,588	0
Related party
Long-term liabilities:
Long-term debt	$ 122,895	$ 107,554	$ 107,193