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The Children’s Place (PLCE) investor relations material
The Children’s Place Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Entered into a new $100 million term loan with SLR Credit Solutions and refinanced the ABL Credit Facility, reducing it to $350 million and lowering interest rates.
Third quarter results impacted by ecommerce volatility and marketing transition, while brick-and-mortar comparable sales grew 2% year-over-year.
Five new stores opened in Q3, with 11 more planned for Q4 and 15–20 additional stores in H1 2026 to drive growth.
Strategic transformation includes merchandising reset, store layout refresh, and loyalty program revamp.
Completed $450M refinancing: $350M asset-based credit facility and $100M FILO term loan, increasing borrowing capacity and liquidity.
Financial highlights
Q3 net sales fell 13.0% year-over-year to $339.5M, driven by lower wholesale and ecommerce revenue.
Q3 comparable retail sales decreased 5.4%.
Q3 gross profit dropped to $112.3M (down $26.0M), with gross margin down 240 bps to 33.1%.
Q3 operating income was $3.7M, down from $29.3M last year; adjusted operating income was $4.0M vs. $35.3M.
Q3 net loss was $(4.3)M, or $(0.19) per diluted share, compared to net income of $20.1M, or $1.57 per share, last year.
Capital allocation and financing
The $100 million SLR term loan is secured by a first priority interest in intellectual property, real estate, and other assets, and is prepayable with certain premiums.
Proceeds from the SLR term loan were used to partially pay down the ABL Credit Facility.
Refinancing improved liquidity by $35–$40M on a proforma basis at Q3 end.
Total liquidity at Nov 1, 2025: $93.4M (cash, revolver, and Mithaq facility).
$297.2M outstanding on revolving credit facility; no draw on Mithaq facility.
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