Announces $450 Million Refinancing Transaction

宣布 4.5 亿美元再融资交易

SECAUCUS, N.J., Dec. 16, 2025 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE), one of the only pure-play children’s specialty retailers in North America with an omni-channel portfolio of brands and an industry-leading digital-first model, today announced financial results for the Company’s third fiscal quarter ended November 1, 2025.

新泽西州塞考克斯，2025年12月16日（GLOBE NEWSWIRE）-- 儿童之家公司（Nasdaq: PLCE），是北美唯一的纯儿童专业零售商之一，拥有全渠道品牌组合和行业领先的数字优先模式，今天公布了截至2025年11月1日的第三财季财务业绩。

Muhammad Umair, President and Chief Executive Officer said, “Our third quarter results reflect the challenges we are experiencing in our ecommerce business, with periods of high volatility as we implement our strategic transformation. Separately, our marketing efficiency was also impeded during the quarter in our transition to a new marketing agency and a heightened promotional strategy. Our new operating model envisions an increased physical store presence, and a merchandising reset that adds a more balanced mix of fashion and basics to our product assortment. Our brick-and-mortar business capitalized on its momentum from our second quarter and generated a 2% growth in comparable sales, and as we continue to invest in our real estate portfolio with operational and financial discipline, our new stores are generating results that are outperforming the rest of the fleet. We believe our increased store base will strengthen our omni-channel proposition to our customers that love to experience our beloved brands, both in-store or online.”

总裁兼首席执行官穆罕默德·乌迈尔表示：“我们的第三季度业绩反映了我们在电子商务业务中面临的挑战，随着我们实施战略转型，经历了高波动性时期。此外，在向新的营销机构过渡和加强促销策略的过程中，我们的营销效率也受到影响。我们的新运营模式设想增加实体店的存在，并进行商品重置，以在我们的产品组合中增加更平衡的时尚和基础款混合。我们的实体业务利用了第二季度的势头，实现了可比销售增长 2%。随着我们继续以运营和财务纪律投资我们的房地产组合，我们的新店表现超出其他门店。我们相信，增加的门店数量将增强我们对喜爱我们品牌的客户的全渠道吸引力，无论是在店内还是在线。”

Mr. Umair continued, “We opened five new stores during the third quarter, with another 11 store openings slated for the fourth quarter. Looking ahead, we plan to open an additional 15 to 20 new stores in the first half of fiscal year 2026, ahead of our critical back-to-school season to drive revenue growth and profitability, with more store openings in the back-half of fiscal year 2026 and beyond. We also plan to refresh our store layouts, and in conjunction with our revamped My Place Rewards loyalty program, we are excited for the enhanced experience this will create for our new and existing customer file.”

乌迈尔先生继续说道：“我们在第三季度开设了五家新店，第四季度还计划开设 11 家新店。展望未来，我们计划在 2026 财年上半年再开设 15 到 20 家新店，以推动收入增长和盈利能力，尤其是在关键的返校季节，并在 2026 财年下半年及以后开设更多新店。我们还计划刷新我们的店面布局，并结合我们改进的 My Place Rewards 忠诚计划，我们对这将为新老客户带来的增强体验感到兴奋。”

Financing Update

融资更新

John Szczepanski, Chief Financial Officer said, “We’re also pleased to announce that we have successfully completed the refinancing of a $350 million asset-based lending credit facility with Wells Fargo, supplemented by a $100 million FILO term loan with SLR Credit Solutions. The five-year financing transactions increase our maximum borrowing capacity by up to $17 million and improve our liquidity position by $35 million to $40 million on a proforma basis as of the end of the third quarter. The new financing arrangement will provide us with additional capital to implement our growth strategies, thus strengthening our financial position and balance sheet, and helping to generate long-term shareholder value with the support of our financing partners.”

首席财务官约翰·斯泽潘斯基表示：“我们很高兴地宣布，我们已成功完成与富国银行的 3.5 亿美元资产基础贷款信用设施的再融资，并补充了与 SLR Credit Solutions 的 1 亿美元 FILO 定期贷款。这项为期五年的融资交易将我们的最大借款能力提高至 1700 万美元，并在第三季度末改善我们的流动性状况，增加 3500 万至 4000 万美元的流动资金。新的融资安排将为我们提供额外的资本，以实施我们的增长战略，从而增强我们的财务状况和资产负债表，并在融资合作伙伴的支持下帮助创造长期股东价值。”

Additional information about the financing transactions is contained in the Company’s Current Report on Form 10-Q filed with the Securities and Exchange Commission on December 16, 2025.

有关融资交易的更多信息包含在公司于2025年12月16日向证券交易委员会提交的 10-Q 表格的当前报告中。

Tariff & Transformation Update

关税与转型更新

Mr. Umair said, “Tariff pressures continue to affect our bottom line, and we now expect the impact of tariffs to result in incremental expenses of approximately $15 million to $20 million for fiscal year 2025, a reduction from our previously estimated impact of $20 million to $25 million. We further expect an incremental impact of $25 million to $30 million in the first half of fiscal year 2026, the majority of which will be mitigated through our strategic initiatives. We remain focused on controlling our costs, and we are increasing the estimate of gross benefits from our previously announced transformation initiative from $40 million to $50 million over the next three years. The Company has already implemented cost actions that will result in over $25 million in gross annualized benefits, offset by approximately $5 million to $10 million in one-time costs. As part of our transformation efforts, we officially opened our new office in Pakistan during the quarter, that will realize cost efficiencies and set the foundation for further cost-saving initiatives. We are confident that these initiatives will improve our cost structure and set us up for long-term success.”

乌迈尔先生表示：“关税压力继续影响我们的底线，我们现在预计关税的影响将在 2025 财年导致约 1500 万至 2000 万美元的额外费用，低于我们之前估计的 2000 万至 2500 万美元的影响。我们进一步预计在 2026 财年上半年将产生 2500 万至 3000 万美元的额外影响，其中大部分将通过我们的战略举措得到缓解。我们仍然专注于控制成本，并将我们之前宣布的转型计划的总收益预估从 4000 万提高到 5000 万美元，预计在未来三年内实现。公司已经实施的成本措施将带来超过 2500 万美元的年度总收益，抵消约 500 万至 1000 万美元的一次性成本。作为我们转型努力的一部分，我们在本季度正式开设了位于巴基斯坦的新办公室，这将实现成本效率，并为进一步的节省成本举措奠定基础。我们相信这些举措将改善我们的成本结构，并为长期成功奠定基础。”

Third Quarter 2025 Results

2025 年第三季度业绩

Net sales decreased $50.7 million, or 13.0%, to $339.5 million in the three months ended November 1, 2025, compared to $390.2 million in the three months ended November 2, 2024. The decrease in net sales was driven by a decrease in wholesale revenue due to lower order commitments as a result of higher purchases earlier in the fiscal year, and a decrease in e-commerce sales due to lower traffic and conversion compared to the comparable period last year, in addition to challenges the Company experienced with transitioning to a new marketing agency during the quarter. Comparable retail sales decreased 5.4% for the quarter.

截至2025年11月1日的三个月内，净销售额减少 5070 万美元，或 13.0%，降至 3.395 亿美元，而截至2024年11月2日的三个月内为 3.902 亿美元。净销售额的下降主要是由于批发收入的减少，原因是由于财政年度早期的采购增加导致订单承诺减少，以及由于流量和转化率低于去年同期而导致的电子商务销售下降，此外，公司在本季度向新的营销机构过渡时也面临挑战。可比零售销售在本季度下降了 5.4%。

Gross profit decreased $26.0 million to $112.3 million in the three months ended November 1, 2025, compared to $138.3 million in the three months ended November 2, 2024. Gross margin decreased 240 basis points (“bps”) to 33.1% during the three months ended November 1, 2025, compared to 35.5% in the comparable period last year. The decrease in gross margin was caused by a higher penetration of markdown sales (200 bps), the impact of higher tariffs on the Company’s product (55 bps), and an increase in inventory reserves (50 bps), partially offset by favorable channel and product mix.

截至2025年11月1日的三个月内，毛利润减少 2600 万美元，降至 1.123 亿美元，而截至2024年11月2日的三个月内为 1.383 亿美元。毛利率在截至2025年11月1日的三个月内下降了 240 个基点（“bps”），降至 33.1%，而去年同期为 35.5%。毛利率的下降是由于折扣销售的渗透率提高（200 个基点）、关税对公司产品的影响（55 个基点）以及库存准备金的增加（50 个基点），部分被有利的渠道和产品组合所抵消。

Selling, general, and administrative expenses were $101.3 million in the three months ended November 1, 2025, compared to $99.8 million in the three months ended November 2, 2024. The increase was primarily due to an increase in marketing expenses as the Company ramped up its spend towards the end of the quarter to drive incremental e-commerce demand, expenses incurred to revamp the My Place Rewards loyalty program, costs to support the Company’s new stores strategy, and an increase in donations as the Company further develops its inventory lifecycle process, partially offset by one-time costs incurred in the prior year. Adjusted selling, general, and administrative expenses were $101.0 million in the three months ended November 1, 2025, compared to $93.8 million in the comparable period last year, and deleveraged 570 basis points to 29.7% of net sales.

截至2025年11月1日的三个月内，销售、一般和行政费用为 1.013 亿美元，而截至2024年11月2日的三个月内为 9980 万美元。费用的增加主要是由于公司在季度末加大了市场营销支出，以推动电子商务需求的增长，重塑 My Place Rewards 忠诚度计划所产生的费用，支持公司新门店战略的成本，以及随着公司进一步发展其库存生命周期流程而增加的捐赠，部分被去年产生的一次性费用抵消。调整后的销售、一般和行政费用为 1.010 亿美元，而去年同期为 9380 万美元，净销售额的比例降低了 570 个基点，降至 29.7%。

Operating income was $3.7 million in the three months ended November 1, 2025, compared to $29.3 million in the three months ended November 2, 2024. Adjusted operating income was $4.0 million in the three months ended November 1, 2025, compared to $35.3 million in the comparable period last year.

截至2025年11月1日的三个月内，营业收入为 370 万美元，而截至2024年11月2日的三个月内为 2930 万美元。调整后的营业收入为 400 万美元，而去年同期为 3530 万美元。

Net interest expense was $8.1 million in the three months ended November 1, 2025, compared to $10.1 million in the three months ended November 2, 2024. The decrease was due to lower average borrowings and interest rates on the Company’s revolving credit facility with Wells Fargo and other bank lenders.

截至2025年11月1日的三个月内，净利息费用为 810 万美元，而截至2024年11月2日的三个月内为 1010 万美元。减少的原因是公司与富国银行及其他银行贷款方的循环信贷额度的平均借款和利率降低。

Benefit for income taxes was $(0.1) million in the three months ended November 1, 2025, compared to $(0.9) million during the three months ended November 2, 2024. The Company continues to adjust its valuation allowance based on ongoing operating results.

截至2025年11月1日的三个月内，所得税收益为-10 万美元，而截至2024年11月2日的三个月内为-90 万美元。公司继续根据持续的经营结果调整其估值准备金。

Net loss was $(4.3) million, or $(0.19) per diluted share, in the three months ended November 1, 2025, compared to net income of $20.1 million, or $1.57 per diluted share, in the three months ended November 2, 2024. Adjusted net loss was $(4.0) million, or $(0.18) per diluted share, compared to an Adjusted net income of $26.1 million, or $2.04 per diluted share, in the comparable period last year.

截至2025年11月1日的三个月内，净亏损为-430 万美元，或每股稀释后-0.19 美元，而截至2024年11月2日的三个月内净收入为 2010 万美元，或每股稀释后 1.57 美元。调整后的净亏损为-400 万美元，或每股稀释后-0.18 美元，而去年同期的调整后净收入为 2610 万美元，或每股稀释后 2.04 美元。

Fiscal Year-To-Date 2025 Results

2025 财年迄今的业绩

Net sales decreased $98.1 million, or 10.0%, to $879.6 million in the nine months ended November 1, 2025, compared to $977.7 million in the nine months ended November 2, 2024. The decrease in net sales was driven by a decrease in e-commerce sales due to lower traffic and conversion. The Company also experienced a decrease in brick-and-mortar revenue due to a lower store count and lower sales volume, particularly in the first half of the fiscal year. Our stores and e-commerce sales were both negatively impacted by the current macroeconomic environment, including uncertainty around tariffs, which has negatively affected consumer sentiment. The Company also experienced a decrease in wholesale revenue as the Company shifted its strategy towards selling higher margin product to improve profitability. Comparable retail sales decreased 7.5% for the nine months ended November 1, 2025.

截至2025年11月1日的九个月内，净销售额减少 9810 万美元，或 10.0%，降至 8.796 亿美元，而截至2024年11月2日的九个月内为 9.777 亿美元。净销售额的减少主要是由于电子商务销售的下降，原因是流量和转化率降低。公司还经历了实体店收入的下降，原因是门店数量减少和销售量降低，尤其是在财年的上半年。我们的门店和电子商务销售都受到当前宏观经济环境的负面影响，包括关税的不确定性，这对消费者信心产生了负面影响。公司还经历了批发收入的下降，因为公司将战略转向销售更高利润的产品以改善盈利能力。截止2025年11月1日的九个月内，可比零售销售下降了 7.5%。

Gross profit decreased $58.5 million to $284.4 million in the nine months ended November 1, 2025, compared to $342.9 million in the nine months ended November 2, 2024. Gross margin decreased 280 basis points to 32.3% during the nine months ended November 1, 2025, compared to 35.1% in the prior year period. The decrease in gross margin was caused primarily by a higher penetration of markdown sales (140 bps), an increase in inventory reserves (110 bps), and the impact of higher tariffs on our product (50 bps).

截至2025年11月1日的九个月内，毛利润减少了 5850 万美元，降至 2.844 亿美元，而截至2024年11月2日的九个月内为 3.429 亿美元。毛利率在截至2025年11月1日的九个月内下降了 280 个基点，降至 32.3%，而去年同期为 35.1%。毛利率的下降主要是由于折扣销售的渗透率提高（140 个基点）、库存准备金增加（110 个基点）以及关税对我们产品的影响（50 个基点）。

Selling, general, and administrative expenses were $277.6 million in the nine months ended November 1, 2025, compared to $305.0 million in the nine months ended November 2, 2024. The decrease was due to a reduction in one-time costs incurred in the prior year, primarily associated with the Company’s change of control and broken financing deal costs. Adjusted selling, general, and administrative expenses were $275.1 million in the nine months ended November 1, 2025, compared to $270.8 million in the comparable period last year, and deleveraged 360 basis points to 31.3% of net sales.

截至2025年11月1日的九个月内，销售、一般和行政费用为 2.776 亿美元，而截至2024年11月2日的九个月内为 3.050 亿美元。减少的原因是去年产生的一次性费用减少，主要与公司的控制权变更和融资交易破裂的费用相关。调整后的销售、一般和行政费用为 2.751 亿美元，而去年同期为 2.708 亿美元，净销售额的比例降低了 360 个基点，降至 31.3%。

Operating loss was $(16.3) million in the nine months ended November 1, 2025, compared to $(20.5) million in the nine months ended November 2, 2024. Adjusted operating loss was $(13.9) million in the nine months ended November 1, 2025, compared to Adjusted operating income of $44.4 million in the comparable period last year.

截至2025年11月1日的九个月内，营业亏损为-1630 万美元，而截至2024年11月2日的九个月内为-2050 万美元。调整后的营业亏损为-1390 万美元，而去年同期的调整后营业收入为 4440 万美元。

Net interest expense was $24.7 million in the nine months ended November 1, 2025, compared to $27.0 million in the nine months ended November 2, 2024. The decrease in interest expense was due to lower average borrowings and interest rates on the Company’s revolving credit facility, partially offset by the write-off of deferred financing costs associated with the partial paydown of the first term loan entered into with the Company’s majority shareholder, Mithaq Capital SPC (“Mithaq”) as a result of the Company’s rights offering which was completed during the first quarter.

截至2025年11月1日的九个月内，净利息费用为 2470 万美元，而截至2024年11月2日的九个月内为 2700 万美元。利息费用的减少是由于公司循环信贷额度的平均借款和利率降低，部分被与公司主要股东 Mithaq Capital SPC（“Mithaq”）签订的第一期贷款部分偿还相关的递延融资费用的注销所抵消，该贷款是在第一季度完成的公司权利发行后产生的。

Provision for income taxes was $2.7 million in the nine months ended November 1, 2025, compared to $2.3 million during the nine months ended November 2, 2024. The Company continues to adjust its valuation allowance based on ongoing operating results.

截至2025年11月1日的九个月内，所得税准备金为 270 万美元，而截至2024年11月2日的九个月内为 230 万美元。公司继续根据持续的经营结果调整其估值准备金。

Net loss was $(43.7) million, or $(1.99) per diluted share, in the nine months ended November 1, 2025, compared to $(49.8) million, or $(3.91) per diluted share, in the nine months ended November 2, 2024. Adjusted net loss was $(40.2) million, or $(1.83) per diluted share, compared to Adjusted net income of $15.1 million, or $1.18 per diluted share, in the prior year.

截至2025年11月1日的九个月内，净亏损为-4370 万美元，或每股稀释后-1.99 美元，而截至2024年11月2日的九个月内为-4980 万美元，或每股稀释后-3.91 美元。调整后的净亏损为-4020 万美元，或每股稀释后-1.83 美元，而去年同期的调整后净收入为 1510 万美元，或每股稀释后 1.18 美元。

Store Update

门店更新

During the third quarter, the Company opened five stores and ended the quarter with 499 stores. The store count at the end of the third quarter of 2024 was 510.

在第三季度，公司开设了五家新店，季度末门店总数为 499 家。2024 年第三季度末的门店总数为 510 家。

Balance Sheet and Cash Flow

资产负债表和现金流

As of November 1, 2025, the Company had $7.3 million in cash and cash equivalents, $46.1 million in borrowing availability under its revolving credit facility and an additional $40.0 million in availability under the unsecured Commitment Letter provided by Mithaq, representing total liquidity of $93.4 million. The Company had $297.2 million outstanding on its revolving credit facility and has not drawn down on its Mithaq credit facility. Additionally, the Company used $67.2 million in operating cash flows in the nine months ended November 1, 2025, compared to $238.9 million in the comparable period last year.

截至2025年11月1日，公司拥有 730 万美元的现金及现金等价物，4600 万美元的循环信贷额度可用，以及由 Mithaq 提供的额外 4000 万美元的无担保承诺信额度，总流动性为 9340 万美元。公司在其循环信贷额度上尚有 2.972 亿美元未偿还，并且尚未动用 Mithaq 信贷额度。此外，公司在截至2025年11月1日的九个月内使用了 6720 万美元的经营现金流，而去年同期为 2.389 亿美元。

Inventories were $390.3 million as of November 1, 2025, compared to $491.6 million as of November 2, 2024. These reduced inventory levels were a result of improved inventory management as the Company continues to align its inventory levels with its growth and product strategy, and better balance the mix of fashion and basic product.

截至2025年11月1日，库存为 3.903 亿美元，而截至2024年11月2日为 4.916 亿美元。这一库存水平的降低是由于公司改善了库存管理，继续将库存水平与其增长和产品战略对齐，并更好地平衡时尚产品与基础产品的组合。

Non-GAAP Reconciliation

非 GAAP 调整

The Company’s results are reported in this press release on a GAAP and as adjusted, non-GAAP basis. Adjusted net income (loss), adjusted net income (loss) per diluted share, adjusted gross profit, adjusted selling, general, and administrative expenses, and adjusted operating income (loss) are non-GAAP measures, and are not intended to replace GAAP financial information, and may be different from non-GAAP measures reported by other companies. The Company believes the income and expense items excluded as non-GAAP adjustments are not reflective of the performance of its core business, and that providing this supplemental disclosure to investors will facilitate comparisons of the past and present performance of its core business.

本新闻稿中公司的业绩以 GAAP 和调整后的非 GAAP 基础报告。调整后的净收入（亏损）、调整后的每稀释股净收入（亏损）、调整后的毛利润、调整后的销售、一般和行政费用以及调整后的营业收入（亏损）均为非 GAAP 指标，并不旨在替代 GAAP 财务信息，且可能与其他公司报告的非 GAAP 指标不同。公司认为，作为非 GAAP 调整而排除的收入和费用项目并不能反映其核心业务的表现，向投资者提供这一补充披露将有助于比较其核心业务的过去和现在的表现。

Please refer to the “Reconciliation of Non-GAAP Financial Information to GAAP” later in this press release, which sets forth the non-GAAP operating adjustments for the 13-week periods and 39-week periods ended November 1, 2025 and November 2, 2024.

请参阅本新闻稿后面的 “非 GAAP 财务信息与 GAAP 的调整” 部分，其中列出了截至2025年11月1日和2024年11月2日的 13 周和 39 周期间的非 GAAP 营业调整。

About The Children’s Place

关于儿童乐园

The Children’s Place is one of the only pure-play children’s specialty retailers in North America with an omni-channel portfolio of brands and an industry-leading digital-first model. Its global retail and wholesale network includes two digital storefronts, 499 stores in North America, wholesale marketplaces and distribution in 12 countries through nine international franchise and wholesale partners. The Children’s Place designs, contracts to manufacture, and sells fashionable, high-quality, head-to-toe outfits predominantly at value prices, primarily under its proprietary brands: “The Children’s Place”, “Gymboree”, “Sugar & Jade”, and “PJ Place”. For more information, visit: www.childrensplace.com and www.gymboree.com.

儿童乐园是北美唯一的纯儿童专业零售商之一，拥有全渠道品牌组合和行业领先的数字优先模式。其全球零售和批发网络包括两个数字商店、北美的 499 家门店、批发市场以及通过九个国际特许经营和批发合作伙伴在 12 个国家的分销。儿童乐园设计、合同制造并销售时尚、高质量的全套服装，主要以价值价格出售，主要通过其自有品牌：“儿童乐园”、“Gymboree”、“Sugar & Jade” 和 “PJ Place”。有关更多信息，请访问：www.childrensplace.com 和 www.gymboree.com。

Forward-Looking Statements This press release contains or may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements relating to the Company’s strategic initiatives and results of operations, including adjusted net income (loss) per diluted share. Forward-looking statements typically are identified by use of terms such as “may,” “will,” “should,” “plan,” “project,” “expect,” “anticipate,” “estimate,” “believe” and similar words, although some forward-looking statements are expressed differently.

前瞻性声明 本新闻稿包含或可能包含根据 1995 年《私人证券诉讼改革法》的安全港条款作出的前瞻性声明，包括但不限于与公司的战略举措和运营结果相关的声明，包括调整后的每稀释股净收入（亏损）。前瞻性声明通常通过使用 “可能”、“将”、“应该”、“计划”、“项目”、“期望”、“预期”、“估计”、“相信” 等类似词汇来识别，尽管某些前瞻性声明的表达方式有所不同。

These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results and performance to differ materially.

这些前瞻性声明基于公司当前的预期和假设，并受到各种风险和不确定性的影响，这些风险和不确定性可能导致实际结果和表现与预期有重大差异。

Some of these risks and uncertainties are described in the Company’s filings with the Securities and Exchange Commission, including in the “Part 1, item1A. Risk Factors” section of its annual report on Form 10-K for the fiscal year ended February 1, 2025.

这些风险和不确定性在公司向证券交易委员会提交的文件中有所描述，包括在其截至2025年2月1日的年度报告的 “第 1 部分，项目 1A. 风险因素” 部分。

Included among the risks and uncertainties that could cause actual results and performance to differ materially are the risk that the Company will be unable to achieve operating results at levels sufficient to fund and/or finance the Company’s current level of operations and repayment of indebtedness, the risk that changes in trade policy and tariff regimes, including newly imposed U.S. tariffs and any responsive non-U.S. tariffs, may impact our international manufacturing and operations or our customers’ discretionary spending habits, the risk that the Company will be unsuccessful in gauging fashion trends and changing consumer preferences, the risks resulting from the highly competitive nature of the Company’s business and its dependence on consumer spending patterns, which may be affected by changes in economic conditions (including inflation), the risk that changes in the Company’s plans and strategies with respect to pricing, capital allocation, capital structure, investor communications and/or operations may have a negative effect on the Company’s business, the risk that the Company’s strategic initiatives to increase sales and margin, improve operational efficiencies, enhance operating controls, decentralize operational authority and reshape the Company’s culture are delayed or do not result in anticipated improvements, the risk of delays, interruptions, disruptions and higher costs in the Company’s global supply chain, including resulting from disease outbreaks, foreign sources of supply in less developed countries, more politically unstable countries, or countries where vendors fail to comply with industry standards or ethical business practices, including the use of forced, indentured or child labor, the risk that the cost of raw materials or energy prices will increase beyond current expectations or that the Company is unable to offset cost increases through value engineering or price increases, various types of litigation, including class action litigation brought under securities, consumer protection, employment, and privacy and information security laws and regulations, risks related to the existence of a controlling shareholder, and the uncertainty of weather patterns, as well as other risks discussed in the Company’s filings with the SEC from time to time.

导致实际结果和业绩显著不同的风险和不确定性包括：公司无法实现足够的经营业绩以资助和/或融资公司当前运营水平和偿还债务的风险；贸易政策和关税制度的变化，包括新实施的美国关税及任何响应的非美国关税，可能影响我们的国际制造和运营或客户的可支配支出习惯的风险；公司在把握时尚趋势和变化的消费者偏好方面可能不成功的风险；由于公司业务的高度竞争性及其对消费者支出模式的依赖，可能受到经济状况（包括通货膨胀）变化影响的风险；公司在定价、资本配置、资本结构、投资者沟通和/或运营方面的计划和策略变化可能对公司业务产生负面影响的风险；公司旨在增加销售和利润、改善运营效率、增强运营控制、分散运营权力和重塑公司文化的战略举措可能延迟或未能带来预期改善的风险；公司全球供应链中可能出现的延误、中断、干扰和更高成本的风险，包括因疾病爆发、来自发展中国家的外国供应、政治不稳定国家或供应商未能遵守行业标准或道德商业实践（包括使用强迫、契约或童工）而导致的风险；原材料或能源价格的成本可能超出当前预期，或公司无法通过价值工程或价格上涨来抵消成本上涨的风险；各种类型的诉讼，包括根据证券、消费者保护、就业和隐私及信息安全法律法规提起的集体诉讼的风险；与控股股东的存在相关的风险；以及天气模式的不确定性，以及公司不时在 SEC 文件中讨论的其他风险。

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they were made. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

读者被提醒不要对这些前瞻性声明过于依赖，这些声明仅在作出时有效。公司没有义务公开发布任何可能反映此日期后事件或情况的前瞻性声明的修订，或反映未预见事件的发生。

Contact: Investor Relations (201) 558-2400 ext. 14500

联系方式：投资者关系 (201) 558-2400 ext. 14500



THE CHILDREN’S PLACE, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) (Unaudited)

	Third Quarter Ended		Year-to-Date Ended
	November 1, 2025		November 2, 2024	November 1, 2025		November 2, 2024

Net sales	$	339,466		$	390,173		$	879,597		$	977,706
Cost of sales (exclusive of depreciation and amortization)		227,162			251,832			595,238			634,830
Gross profit		112,304			138,341			284,359			342,876
Selling, general and administrative expenses		101,301			99,817			277,567			304,976
Depreciation and amortization		7,334			9,266			23,134			30,406
Asset impairment charges		—			—			—			28,000
Operating income (loss)		3,669			29,258			(16,342	)		(20,506	)
Related party interest expense		(1,869	)		(2,078	)		(5,609	)		(4,554	)
Other interest expense, net		(6,252	)		(8,000	)		(19,092	)		(22,476	)
Income (loss) before provision (benefit) for income taxes		(4,452	)		19,180			(41,043	)		(47,536	)
Provision (benefit) for income taxes		(132	)		(900	)		2,665			2,293
Net income (loss)	$	(4,320	)	$	20,080		$	(43,708	)	$	(49,829	)


Earnings (loss) per common share(1)
Basic	$	(0.19	)	$	1.57		$	(1.99	)	$	(3.91	)
Diluted	$	(0.19	)	$	1.57		$	(1.99	)	$	(3.91	)

Weighted average common shares outstanding(1)
Basic		22,170			12,801			21,980			12,753
Diluted		22,170			12,822			21,980			12,753



儿童之家公司
简明合并经营报表
（以千为单位，除每股金额外）
（未经审计）

	截至第三季度		截至年初至今
	2025年11月1日		2024年11月2日	2025年11月1日		2024年11月2日

净销售额	$	339,466		$	390,173		$	879,597		$	977,706
销售成本（不包括折旧和摊销）		227,162			251,832			595,238			634,830
毛利润		112,304			138,341			284,359			342,876
销售、一般和行政费用		101,301			99,817			277,567			304,976
折旧和摊销		7,334			9,266			23,134			30,406
资产减值损失		—			—			—			28,000
经营收入（损失）		3,669			29,258			(16,342	)		(20,506	)
关联方利息费用		(1,869	)		(2,078	)		(5,609	)		(4,554	)
其他利息费用，净额		(6,252	)		(8,000	)		(19,092	)		(22,476	)
税前收入（损失）		(4,452	)		19,180			(41,043	)		(47,536	)
所得税费用（收益）		(132	)		(900	)		2,665			2,293
净收入（损失）	$	(4,320	)	$	20,080		$	(43,708	)	$	(49,829	)


每普通股收益（损失）(1)
基本	$	(0.19	)	$	1.57		$	(1.99	)	$	(3.91	)
稀释	$	(0.19	)	$	1.57		$	(1.99	)	$	(3.91	)

加权平均普通股流通股数 (1)
基本		22,170			12,801			21,980			12,753
稀释		22,170			12,822			21,980			12,753

(1) In connection with the completion of the rights offering on February 6, 2025, the Company’s weighted average common shares outstanding and basic and diluted loss per share were retroactively adjusted for all prior periods presented by a factor of 1.002.

(1) 在2025年2月6日完成配股发行的过程中，公司加权平均普通股流通股数及基本和稀释每股亏损已按 1.002 的系数追溯调整至所有之前报告的期间。



THE CHILDREN’S PLACE, INC. RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION TO GAAP (In thousands, except per share amounts) (Unaudited)

	Third Quarter Ended		Year-to-Date Ended
	November 1, 2025		November 2, 2024	November 1, 2025		November 2, 2024

Net income (loss)	$	(4,320	)	$	20,080		$	(43,708	)	$	(49,829	)

Non-GAAP adjustments:
Restructuring costs	$	340		$	4,813		$	2,485		$	11,180
Loss on extinguishment of debt		—			—			1,039			—
Legal settlement reversal		—			—			(46	)		(2,279	)
Credit agreement / lender required consulting		—			538			—			2,390
Broken financing and restructuring fees		—			347			—			7,008
Professional and consulting fees		—			158			—			580
Fleet optimization		—			148			—			857
Asset impairment charges		—			—			—			28,000
Change of control		—			—			—			14,589
Accelerated depreciation		—			—			—			1,813
Canada distribution center closure		—			—			—			781
Aggregate impact of non-GAAP adjustments		340			6,004			3,478			64,919
Income tax effect(1)		—			—			—			—
Net impact of non-GAAP adjustments		340			6,004			3,478			64,919

Adjusted net income (loss)	$	(3,980	)	$	26,084		$	(40,230	)	$	15,090

GAAP net income (loss) per common share(2)	$	(0.19	)	$	1.57		$	(1.99	)	$	(3.91	)

Adjusted net income (loss) per common share(2)	$	(0.18	)	$	2.04		$	(1.83	)	$	1.18



儿童之家公司
非公认会计原则财务信息与公认会计原则的调节
（以千为单位，除每股金额外）
（未经审计）

	截至第三季度		截至年初至今
	2025年11月1日		2024年11月2日	2025年11月1日		2024年11月2日

净收入（亏损）	$	(4,320	)	$	20,080		$	(43,708	)	$	(49,829	)

非 GAAP 调整：
重组费用	$	340		$	4,813		$	2,485		$	11,180
债务清偿损失		—			—			1,039			—
法律和解逆转		—			—			(46	)		(2,279	)
信贷协议/贷方要求的咨询		—			538			—			2,390
破产融资和重组费用		—			347			—			7,008
专业和咨询费用		—			158			—			580
车队优化		—			148			—			857
资产减值费用		—			—			—			28,000
控制权变更		—			—			—			14,589
加速折旧		—			—			—			1,813
加拿大配送中心关闭		—			—			—			781
非 GAAP 调整的综合影响		340			6,004			3,478			64,919
所得税影响 (1)		—			—			—			—
非 GAAP 调整的净影响		340			6,004			3,478			64,919

调整后的净收入（亏损）	$	(3,980	)	$	26,084		$	(40,230	)	$	15,090

GAAP 每普通股净收入（亏损）(2)	$	(0.19	)	$	1.57		$	(1.99	)	$	(3.91	)

调整后的每普通股净收入（亏损）(2)	$	(0.18	)	$	2.04		$	(1.83	)	$	1.18

(1) The tax effects of the non-GAAP items are calculated based on the statutory rate of the jurisdiction in which the discrete item resides, adjusted for the impact of any valuation allowance.

(1) 非 GAAP 项目的税务影响是根据该项目所在辖区的法定税率计算的，并根据任何估值准备的影响进行了调整。

(2) In connection with the completion of the rights offering on February 6, 2025, the Company’s weighted average common shares outstanding and basic and diluted loss per share were retroactively adjusted for all prior periods presented by a factor of 1.002.

(2) 在2025年2月6日完成配股发行时，公司加权平均普通股流通股数及基本和稀释每股亏损均已追溯调整，调整因子为 1.002。



THE CHILDREN’S PLACE, INC. RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION TO GAAP (In thousands) (Unaudited)

	Third Quarter Ended		Year-to-Date Ended
	November 1, 2025		November 2, 2024	November 1, 2025		November 2, 2024

Operating income (loss)	$	3,669		$	29,258		$	(16,342	)	$	(20,506	)

Non-GAAP adjustments:
Restructuring costs		340			4,813			2,485			11,180
Legal settlement reversal		—			—			(46	)		(2,279	)
Credit agreement / lender required consulting		—			538			—			2,390
Broken financing and restructuring fees		—			347			—			7,008
Professional and consulting fees		—			158			—			580
Fleet optimization		—			148			—			857
Asset impairment charges		—			—			—			28,000
Change of control		—			—			—			14,589
Accelerated depreciation		—			—			—			1,813
Canada distribution center closure		—			—			—			781
Aggregate impact of non-GAAP adjustments		340			6,004			2,439			64,919

Adjusted operating income (loss)	$	4,009		$	35,262		$	(13,903	)	$	44,413



儿童之家公司
非公认会计原则财务信息与公认会计原则的调节
（以千为单位）
（未经审计）

	截至第三季度		截至年初至今
	2025年11月1日		2024年11月2日	2025年11月1日		2024年11月2日

经营收入（亏损）	$	3,669		$	29,258		$	(16,342	)	$	(20,506	)

非 GAAP 调整：
重组费用		340			4,813			2,485			11,180
法律和解逆转		—			—			(46	)		(2,279	)
信贷协议/贷方要求的咨询		—			538			—			2,390
破产融资和重组费用		—			347			—			7,008
专业和咨询费用		—			158			—			580
车队优化		—			148			—			857
资产减值费用		—			—			—			28,000
控制权变更		—			—			—			14,589
加速折旧		—			—			—			1,813
加拿大配送中心关闭		—			—			—			781
非 GAAP 调整的综合影响		340			6,004			2,439			64,919

调整后的经营收入（亏损）	$	4,009		$	35,262		$	(13,903	)	$	44,413



THE CHILDREN’S PLACE, INC. RECONCILIATION OF NON-GAAP FINANCIAL INFORMATION TO GAAP (In thousands) (Unaudited)

	Third Quarter Ended		Year-to-Date Ended
	November 1, 2025		November 2, 2024	November 1, 2025		November 2, 2024

Gross profit	$	112,304		$	138,341		$	284,359	$	342,876

Non-GAAP adjustments:
Change of control		—			—			—		905
Aggregate impact of non-GAAP adjustments		—			—			—		905

Adjusted gross profit	$	112,304		$	138,341		$	284,359	$	343,781



儿童之家公司
非公认会计原则财务信息与公认会计原则的调节
（单位：千美元）
（未经审计）

	截至第三季度		截至年初至今
	2025年11月1日		2024年11月2日	2025年11月1日		2024年11月2日

毛利润	$	112,304		$	138,341		$	284,359	$	342,876

非 GAAP 调整：
控制权变更		—			—			—		905
非 GAAP 调整的综合影响		—			—			—		905

调整后的毛利润	$	112,304		$	138,341		$	284,359	$	343,781


	Third Quarter Ended		Year-to-Date Ended
	November 1, 2025		November 2, 2024	November 1, 2025		November 2, 2024

Selling, general and administrative expenses	$	101,301		$	99,817		$	277,567		$	304,976

Non-GAAP adjustments:
Restructuring costs		(340	)		(4,813	)		(2,485	)		(11,180	)
Legal settlement reversal		—			—			46			2,279
Credit agreement / lender required consulting		—			(538	)		—			(2,390	)
Broken financing and restructuring fees		—			(347	)		—			(7,008	)
Professional and consulting fees		—			(158	)		—			(580	)
Fleet optimization		—			(148	)		—			(857	)
Change of control		—			—			—			(13,684	)
Canada distribution center closure		—			—			—			(781	)
Aggregate impact of non-GAAP adjustments		(340	)		(6,004	)		(2,439	)		(34,201	)

Adjusted selling, general and administrative expenses	$	100,961		$	93,813		$	275,128		$	270,775


	截至第三季度		截至年初至今
	2025年11月1日		2024年11月2日	2025年11月1日		2024年11月2日

销售、一般和行政费用	$	101,301		$	99,817		$	277,567		$	304,976

非 GAAP 调整：
重组费用		(340	)		(4,813	)		(2,485	)		(11,180	)
法律和解逆转		—			—			46			2,279
信贷协议/贷方要求的咨询		—			(538	)		—			(2,390	)
破产融资和重组费用		—			(347	)		—			(7,008	)
专业和咨询费用		—			(158	)		—			(580	)
车队优化		—			(148	)		—			(857	)
控制权变更		—			—			—			(13,684	)
加拿大配送中心关闭		—			—			—			(781	)
非 GAAP 调整的综合影响		(340	)		(6,004	)		(2,439	)		(34,201	)

调整后的销售、一般和行政费用	$	100,961		$	93,813		$	275,128		$	270,775



THE CHILDREN’S PLACE, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited)

	November 1, 2025		February 1 2025*	November 2, 2024
Assets:
Cash and cash equivalents	$	7,253		$	5,347		$	5,749
Accounts receivable		43,433			42,701			62,214
Inventories		390,330			399,602			491,619
Prepaid expenses and other current assets		49,178			20,354			43,109
Total current assets		490,194			468,004			602,691

Property and equipment, net		92,230			97,487			105,486
Right-of-use assets		159,785			161,595			159,374
Tradenames, net		13,000			13,000			13,000
Other assets, net		7,300			7,466			8,242
Total assets	$	762,509		$	747,552		$	888,793

Liabilities and Stockholders’ Deficit:
Revolving loan	$	297,214		$	245,659		$	362,375
Accounts payable		86,151			126,716			125,912
Current portion of operating lease liabilities		56,253			67,407			65,151
Accrued expenses and other current liabilities		93,059			78,336			95,555
Total current liabilities		532,677			518,118			648,993

Related party long-term debt		107,377			165,974			165,664
Long-term portion of operating lease liabilities		116,854			107,287			108,390
Other long-term liabilities		14,212			15,584			15,320
Total liabilities		771,120			806,963			938,367

Stockholders’ deficit		(8,611	)		(59,411	)		(49,574	)
Total liabilities and stockholders’ deficit	$	762,509		$	747,552		$	888,793



儿童之家公司
简明合并资产负债表
（单位：千美元）
（未经审计）

	2025年11月1日		2025年2月1日*	2024年11月2日
资产：
现金及现金等价物	$	7,253		$	5,347		$	5,749
应收账款		43,433			42,701			62,214
存货		390,330			399,602			491,619
预付费用及其他流动资产		49,178			20,354			43,109
流动资产总计		490,194			468,004			602,691

净物业和设备		92,230			97,487			105,486
使用权资产		159,785			161,595			159,374
商标净值		13,000			13,000			13,000
其他资产净值		7,300			7,466			8,242
资产总计	$	762,509		$	747,552		$	888,793

负债和股东赤字：
循环贷款	$	297,214		$	245,659		$	362,375
应付账款		86,151			126,716			125,912
租赁负债的流动部分		56,253			67,407			65,151
应计费用及其他流动负债		93,059			78,336			95,555
流动负债总计		532,677			518,118			648,993

关联方长期债务		107,377			165,974			165,664
租赁负债的长期部分		116,854			107,287			108,390
其他长期负债		14,212			15,584			15,320
负债总计		771,120			806,963			938,367

股东赤字		(8,611	)		(59,411	)		(49,574	)
负债和股东赤字总计	$	762,509		$	747,552		$	888,793

* Derived from the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2025.

* 来源于公司截至2025年2月1日的年度报告中包含的经审计合并财务报表。



THE CHILDREN’S PLACE, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) (Unaudited)

	Year-to-Date Ended
	November 1, 2025		November 2, 2024

Net loss	$	(43,708	)	$	(49,829	)
Non-cash adjustments		84,351			130,448
Working capital		(107,837	)		(319,535	)
Net cash used in operating activities		(67,194	)		(238,916	)

Net cash used in investing activities		(14,489	)		(15,924	)

Net cash provided by financing activities		80,551			248,040

Effect of exchange rate changes on cash and cash equivalents		3,038			(1,090	)

Net increase (decrease) in cash and cash equivalents		1,906			(7,890	)

Cash and cash equivalents, beginning of period		5,347			13,639

Cash and cash equivalents, end of period	$	7,253		$	5,749



儿童之家公司简明合并现金流量表（单位：千美元）（未经审计）

	截至
	2025年11月1日		2024年11月2日

净亏损	$	(43,708	)	$	(49,829	)
非现金调整		84,351			130,448
营运资金		(107,837	)		(319,535	)
经营活动中使用的净现金		(67,194	)		(238,916	)

投资活动中使用的净现金		(14,489	)		(15,924	)

融资活动提供的净现金		80,551			248,040

汇率变动对现金及现金等价物的影响		3,038			(1,090	)

现金及现金等价物的净增加（减少）		1,906			(7,890	)

期初现金及现金等价物		5,347			13,639

期末现金及现金等价物	$	7,253		$	5,749

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