** Children's Place PLCE.O plunges 22.7% to $5.30 premarket
** Apparel retailer reported 9.6% y/y drop in Q1 net sales; posts adjusted net loss/share of $1.52 vs year-ago loss of $1.18
** Says results pressured by current macroeconomic environment, including softer consumer sentiment, particularly unseasonable weather patterns
** CEO says management moving with urgency to remediate
** Adds, "We are currently entering the back-to-school selling season with a more balanced inventory position"
** Notes co well-positioned to offset impact of tariffs, maintain affordable products as no single country accounts for more than 20% of total sourcing and due to limited exposure to China
** PLCE falls ~34% this year, as of last close
(Reporting by Neil J Kanatt in Bengaluru)
((Neil.JKanatt@thomsonreuters.com;))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。