Announces $450 Million Refinancing Transaction

宣佈 4.5 億美元再融資交易

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.

新澤西州塞考克斯，2025年12月16日（GLOBE NEWSWIRE）-- 兒童之家公司（Nasdaq: PLCE），是北美唯一的純兒童專業零售商之一，擁有全渠道品牌組合和行業領先的數字優先模式，今天公佈了截至2025年11月1日的第三財季財務業績。

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.”

總裁兼首席執行官穆罕默德·烏邁爾表示：“我們的第三季度業績反映了我們在電子商務業務中面臨的挑戰，隨着我們實施戰略轉型，經歷了高波動性時期。此外，在向新的營銷機構過渡和加強促銷策略的過程中，我們的營銷效率也受到影響。我們的新運營模式設想增加實體店的存在，並進行商品重置，以在我們的產品組合中增加更平衡的時尚和基礎款混合。我們的實體業務利用了第二季度的勢頭，實現了可比銷售增長 2%。隨着我們繼續以運營和財務紀律投資我們的房地產組合，我們的新店表現超出其他門店。我們相信，增加的門店數量將增強我們對喜愛我們品牌的客户的全渠道吸引力，無論是在店內還是在線。”

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.”

烏邁爾先生繼續説道：“我們在第三季度開設了五家新店，第四季度還計劃開設 11 家新店。展望未來，我們計劃在 2026 財年上半年再開設 15 到 20 家新店，以推動收入增長和盈利能力，尤其是在關鍵的返校季節，並在 2026 財年下半年及以後開設更多新店。我們還計劃刷新我們的店面佈局，並結合我們改進的 My Place Rewards 忠誠計劃，我們對這將為新老客户帶來的增強體驗感到興奮。”

Financing Update

融資更新

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.”

首席財務官約翰·斯澤潘斯基表示：“我們很高興地宣佈，我們已成功完成與富國銀行的 3.5 億美元資產基礎貸款信用設施的再融資，並補充了與 SLR Credit Solutions 的 1 億美元 FILO 定期貸款。這項為期五年的融資交易將我們的最大借款能力提高至 1700 萬美元，並在第三季度末改善我們的流動性狀況，增加 3500 萬至 4000 萬美元的流動資金。新的融資安排將為我們提供額外的資本，以實施我們的增長戰略，從而增強我們的財務狀況和資產負債表，並在融資合作伙伴的支持下幫助創造長期股東價值。”

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.

有關融資交易的更多信息包含在公司於2025年12月16日向證券交易委員會提交的 10-Q 表格的當前報告中。

Tariff & Transformation Update

關税與轉型更新

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.”

烏邁爾先生表示：“關税壓力繼續影響我們的底線，我們現在預計關税的影響將在 2025 財年導致約 1500 萬至 2000 萬美元的額外費用，低於我們之前估計的 2000 萬至 2500 萬美元的影響。我們進一步預計在 2026 財年上半年將產生 2500 萬至 3000 萬美元的額外影響，其中大部分將通過我們的戰略舉措得到緩解。我們仍然專注於控制成本，並將我們之前宣佈的轉型計劃的總收益預估從 4000 萬提高到 5000 萬美元，預計在未來三年內實現。公司已經實施的成本措施將帶來超過 2500 萬美元的年度總收益，抵消約 500 萬至 1000 萬美元的一次性成本。作為我們轉型努力的一部分，我們在本季度正式開設了位於巴基斯坦的新辦公室，這將實現成本效率，併為進一步的節省成本舉措奠定基礎。我們相信這些舉措將改善我們的成本結構，併為長期成功奠定基礎。”

Third Quarter 2025 Results

2025 年第三季度業績

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日的三個月內，淨銷售額減少 5070 萬美元，或 13.0%，降至 3.395 億美元，而截至2024年11月2日的三個月內為 3.902 億美元。淨銷售額的下降主要是由於批發收入的減少，原因是由於財政年度早期的採購增加導致訂單承諾減少，以及由於流量和轉化率低於去年同期而導致的電子商務銷售下降，此外，公司在本季度向新的營銷機構過渡時也面臨挑戰。可比零售銷售在本季度下降了 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日的三個月內，毛利潤減少 2600 萬美元，降至 1.123 億美元，而截至2024年11月2日的三個月內為 1.383 億美元。毛利率在截至2025年11月1日的三個月內下降了 240 個基點（“bps”），降至 33.1%，而去年同期為 35.5%。毛利率的下降是由於折扣銷售的滲透率提高（200 個基點）、關税對公司產品的影響（55 個基點）以及庫存準備金的增加（50 個基點），部分被有利的渠道和產品組合所抵消。

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日的三個月內，銷售、一般和行政費用為 1.013 億美元，而截至2024年11月2日的三個月內為 9980 萬美元。費用的增加主要是由於公司在季度末加大了市場營銷支出，以推動電子商務需求的增長，重塑 My Place Rewards 忠誠度計劃所產生的費用，支持公司新門店戰略的成本，以及隨着公司進一步發展其庫存生命週期流程而增加的捐贈，部分被去年產生的一次性費用抵消。調整後的銷售、一般和行政費用為 1.010 億美元，而去年同期為 9380 萬美元，淨銷售額的比例降低了 570 個基點，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日的三個月內，營業收入為 370 萬美元，而截至2024年11月2日的三個月內為 2930 萬美元。調整後的營業收入為 400 萬美元，而去年同期為 3530 萬美元。

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日的三個月內，淨利息費用為 810 萬美元，而截至2024年11月2日的三個月內為 1010 萬美元。減少的原因是公司與富國銀行及其他銀行貸款方的循環信貸額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日的三個月內，所得税收益為-10 萬美元，而截至2024年11月2日的三個月內為-90 萬美元。公司繼續根據持續的經營結果調整其估值準備金。

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日的三個月內，淨虧損為-430 萬美元，或每股稀釋後-0.19 美元，而截至2024年11月2日的三個月內淨收入為 2010 萬美元，或每股稀釋後 1.57 美元。調整後的淨虧損為-400 萬美元，或每股稀釋後-0.18 美元，而去年同期的調整後淨收入為 2610 萬美元，或每股稀釋後 2.04 美元。

Fiscal Year-To-Date 2025 Results

2025 財年迄今的業績

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日的九個月內，淨銷售額減少 9810 萬美元，或 10.0%，降至 8.796 億美元，而截至2024年11月2日的九個月內為 9.777 億美元。淨銷售額的減少主要是由於電子商務銷售的下降，原因是流量和轉化率降低。公司還經歷了實體店收入的下降，原因是門店數量減少和銷售量降低，尤其是在財年的上半年。我們的門店和電子商務銷售都受到當前宏觀經濟環境的負面影響，包括關税的不確定性，這對消費者信心產生了負面影響。公司還經歷了批發收入的下降，因為公司將戰略轉向銷售更高利潤的產品以改善盈利能力。截止2025年11月1日的九個月內，可比零售銷售下降了 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日的九個月內，毛利潤減少了 5850 萬美元，降至 2.844 億美元，而截至2024年11月2日的九個月內為 3.429 億美元。毛利率在截至2025年11月1日的九個月內下降了 280 個基點，降至 32.3%，而去年同期為 35.1%。毛利率的下降主要是由於折扣銷售的滲透率提高（140 個基點）、庫存準備金增加（110 個基點）以及關税對我們產品的影響（50 個基點）。

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日的九個月內，銷售、一般和行政費用為 2.776 億美元，而截至2024年11月2日的九個月內為 3.050 億美元。減少的原因是去年產生的一次性費用減少，主要與公司的控制權變更和融資交易破裂的費用相關。調整後的銷售、一般和行政費用為 2.751 億美元，而去年同期為 2.708 億美元，淨銷售額的比例降低了 360 個基點，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日的九個月內，營業虧損為-1630 萬美元，而截至2024年11月2日的九個月內為-2050 萬美元。調整後的營業虧損為-1390 萬美元，而去年同期的調整後營業收入為 4440 萬美元。

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日的九個月內，淨利息費用為 2470 萬美元，而截至2024年11月2日的九個月內為 2700 萬美元。利息費用的減少是由於公司循環信貸額度的平均借款和利率降低，部分被與公司主要股東 Mithaq Capital SPC（“Mithaq”）簽訂的第一期貸款部分償還相關的遞延融資費用的註銷所抵消，該貸款是在第一季度完成的公司權利發行後產生的。

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日的九個月內，所得税準備金為 270 萬美元，而截至2024年11月2日的九個月內為 230 萬美元。公司繼續根據持續的經營結果調整其估值準備金。

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日的九個月內，淨虧損為-4370 萬美元，或每股稀釋後-1.99 美元，而截至2024年11月2日的九個月內為-4980 萬美元，或每股稀釋後-3.91 美元。調整後的淨虧損為-4020 萬美元，或每股稀釋後-1.83 美元，而去年同期的調整後淨收入為 1510 萬美元，或每股稀釋後 1.18 美元。

Store Update

門店更新

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，公司開設了五家新店，季度末門店總數為 499 家。2024 年第三季度末的門店總數為 510 家。

Balance Sheet and Cash Flow

資產負債表和現金流

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，公司擁有 730 萬美元的現金及現金等價物，4600 萬美元的循環信貸額度可用，以及由 Mithaq 提供的額外 4000 萬美元的無擔保承諾信額度，總流動性為 9340 萬美元。公司在其循環信貸額度上尚有 2.972 億美元未償還，並且尚未動用 Mithaq 信貸額度。此外，公司在截至2025年11月1日的九個月內使用了 6720 萬美元的經營現金流，而去年同期為 2.389 億美元。

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，庫存為 3.903 億美元，而截至2024年11月2日為 4.916 億美元。這一庫存水平的降低是由於公司改善了庫存管理，繼續將庫存水平與其增長和產品戰略對齊，並更好地平衡時尚產品與基礎產品的組合。

Non-GAAP Reconciliation

非 GAAP 調整

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.

本新聞稿中公司的業績以 GAAP 和調整後的非 GAAP 基礎報告。調整後的淨收入（虧損）、調整後的每稀釋股淨收入（虧損）、調整後的毛利潤、調整後的銷售、一般和行政費用以及調整後的營業收入（虧損）均為非 GAAP 指標，並不旨在替代 GAAP 財務信息，且可能與其他公司報告的非 GAAP 指標不同。公司認為，作為非 GAAP 調整而排除的收入和費用項目並不能反映其核心業務的表現，向投資者提供這一補充披露將有助於比較其核心業務的過去和現在的表現。

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.

請參閲本新聞稿後面的 “非 GAAP 財務信息與 GAAP 的調整” 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 週期間的非 GAAP 營業調整。

About The Children’s Place

關於兒童樂園

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.

兒童樂園是北美唯一的純兒童專業零售商之一，擁有全渠道品牌組合和行業領先的數字優先模式。其全球零售和批發網絡包括兩個數字商店、北美的 499 家門店、批發市場以及通過九個國際特許經營和批發合作伙伴在 12 個國家的分銷。兒童樂園設計、合同製造並銷售時尚、高質量的全套服裝，主要以價值價格出售，主要通過其自有品牌：“兒童樂園”、“Gymboree”、“Sugar & Jade” 和 “PJ Place”。有關更多信息，請訪問：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.

前瞻性聲明 本新聞稿包含或可能包含根據 1995 年《私人證券訴訟改革法》的安全港條款作出的前瞻性聲明，包括但不限於與公司的戰略舉措和運營結果相關的聲明，包括調整後的每稀釋股淨收入（虧損）。前瞻性聲明通常通過使用 “可能”、“將”、“應該”、“計劃”、“項目”、“期望”、“預期”、“估計”、“相信” 等類似詞彙來識別，儘管某些前瞻性聲明的表達方式有所不同。

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.

這些前瞻性聲明基於公司當前的預期和假設，並受到各種風險和不確定性的影響，這些風險和不確定性可能導致實際結果和表現與預期有重大差異。

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.

這些風險和不確定性在公司向證券交易委員會提交的文件中有所描述，包括在其截至2025年2月1日的年度報告的 “第 1 部分，項目 1A. 風險因素” 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.

導致實際結果和業績顯著不同的風險和不確定性包括：公司無法實現足夠的經營業績以資助和/或融資公司當前運營水平和償還債務的風險；貿易政策和關税制度的變化，包括新實施的美國關税及任何響應的非美國關税，可能影響我們的國際製造和運營或客户的可支配支出習慣的風險；公司在把握時尚趨勢和變化的消費者偏好方面可能不成功的風險；由於公司業務的高度競爭性及其對消費者支出模式的依賴，可能受到經濟狀況（包括通貨膨脹）變化影響的風險；公司在定價、資本配置、資本結構、投資者溝通和/或運營方面的計劃和策略變化可能對公司業務產生負面影響的風險；公司旨在增加銷售和利潤、改善運營效率、增強運營控制、分散運營權力和重塑公司文化的戰略舉措可能延遲或未能帶來預期改善的風險；公司全球供應鏈中可能出現的延誤、中斷、干擾和更高成本的風險，包括因疾病爆發、來自發展中國家的外國供應、政治不穩定國家或供應商未能遵守行業標準或道德商業實踐（包括使用強迫、契約或童工）而導致的風險；原材料或能源價格的成本可能超出當前預期，或公司無法通過價值工程或價格上漲來抵消成本上漲的風險；各種類型的訴訟，包括根據證券、消費者保護、就業和隱私及信息安全法律法規提起的集體訴訟的風險；與控股股東的存在相關的風險；以及天氣模式的不確定性，以及公司不時在 SEC 文件中討論的其他風險。

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.

讀者被提醒不要對這些前瞻性聲明過於依賴，這些聲明僅在作出時有效。公司沒有義務公開發布任何可能反映此日期後事件或情況的前瞻性聲明的修訂，或反映未預見事件的發生。

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

聯繫方式：投資者關係 (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



兒童之家公司
簡明合併經營報表
（以千為單位，除每股金額外）
（未經審計）

	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

淨銷售額	$	339,466		$	390,173		$	879,597		$	977,706
銷售成本（不包括折舊和攤銷）		227,162			251,832			595,238			634,830
毛利潤		112,304			138,341			284,359			342,876
銷售、一般和行政費用		101,301			99,817			277,567			304,976
折舊和攤銷		7,334			9,266			23,134			30,406
資產減值損失		—			—			—			28,000
經營收入（損失）		3,669			29,258			(16,342	)		(20,506	)
關聯方利息費用		(1,869	)		(2,078	)		(5,609	)		(4,554	)
其他利息費用，淨額		(6,252	)		(8,000	)		(19,092	)		(22,476	)
税前收入（損失）		(4,452	)		19,180			(41,043	)		(47,536	)
所得税費用（收益）		(132	)		(900	)		2,665			2,293
淨收入（損失）	$	(4,320	)	$	20,080		$	(43,708	)	$	(49,829	)


每普通股收益（損失）(1)
基本	$	(0.19	)	$	1.57		$	(1.99	)	$	(3.91	)
稀釋	$	(0.19	)	$	1.57		$	(1.99	)	$	(3.91	)

加權平均普通股流通股數 (1)
基本		22,170			12,801			21,980			12,753
稀釋		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日完成配股發行的過程中，公司加權平均普通股流通股數及基本和稀釋每股虧損已按 1.002 的係數追溯調整至所有之前報告的期間。



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



兒童之家公司
非公認會計原則財務信息與公認會計原則的調節
（以千為單位，除每股金額外）
（未經審計）

	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

淨收入（虧損）	$	(4,320	)	$	20,080		$	(43,708	)	$	(49,829	)

非 GAAP 調整：
重組費用	$	340		$	4,813		$	2,485		$	11,180
債務清償損失		—			—			1,039			—
法律和解逆轉		—			—			(46	)		(2,279	)
信貸協議/貸方要求的諮詢		—			538			—			2,390
破產融資和重組費用		—			347			—			7,008
專業和諮詢費用		—			158			—			580
車隊優化		—			148			—			857
資產減值費用		—			—			—			28,000
控制權變更		—			—			—			14,589
加速折舊		—			—			—			1,813
加拿大配送中心關閉		—			—			—			781
非 GAAP 調整的綜合影響		340			6,004			3,478			64,919
所得税影響 (1)		—			—			—			—
非 GAAP 調整的淨影響		340			6,004			3,478			64,919

調整後的淨收入（虧損）	$	(3,980	)	$	26,084		$	(40,230	)	$	15,090

GAAP 每普通股淨收入（虧損）(2)	$	(0.19	)	$	1.57		$	(1.99	)	$	(3.91	)

調整後的每普通股淨收入（虧損）(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 項目的税務影響是根據該項目所在轄區的法定税率計算的，並根據任何估值準備的影響進行了調整。

(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日完成配股發行時，公司加權平均普通股流通股數及基本和稀釋每股虧損均已追溯調整，調整因子為 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



兒童之家公司
非公認會計原則財務信息與公認會計原則的調節
（以千為單位）
（未經審計）

	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

經營收入（虧損）	$	3,669		$	29,258		$	(16,342	)	$	(20,506	)

非 GAAP 調整：
重組費用		340			4,813			2,485			11,180
法律和解逆轉		—			—			(46	)		(2,279	)
信貸協議/貸方要求的諮詢		—			538			—			2,390
破產融資和重組費用		—			347			—			7,008
專業和諮詢費用		—			158			—			580
車隊優化		—			148			—			857
資產減值費用		—			—			—			28,000
控制權變更		—			—			—			14,589
加速折舊		—			—			—			1,813
加拿大配送中心關閉		—			—			—			781
非 GAAP 調整的綜合影響		340			6,004			2,439			64,919

調整後的經營收入（虧損）	$	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



兒童之家公司
非公認會計原則財務信息與公認會計原則的調節
（單位：千美元）
（未經審計）

	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

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

非 GAAP 調整：
控制權變更		—			—			—		905
非 GAAP 調整的綜合影響		—			—			—		905

調整後的毛利潤	$	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

銷售、一般和行政費用	$	101,301		$	99,817		$	277,567		$	304,976

非 GAAP 調整：
重組費用		(340	)		(4,813	)		(2,485	)		(11,180	)
法律和解逆轉		—			—			46			2,279
信貸協議/貸方要求的諮詢		—			(538	)		—			(2,390	)
破產融資和重組費用		—			(347	)		—			(7,008	)
專業和諮詢費用		—			(158	)		—			(580	)
車隊優化		—			(148	)		—			(857	)
控制權變更		—			—			—			(13,684	)
加拿大配送中心關閉		—			—			—			(781	)
非 GAAP 調整的綜合影響		(340	)		(6,004	)		(2,439	)		(34,201	)

調整後的銷售、一般和行政費用	$	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



兒童之家公司
簡明合併資產負債表
（單位：千美元）
（未經審計）

	2025年11月1日		2025年2月1日*	2024年11月2日
資產：
現金及現金等價物	$	7,253		$	5,347		$	5,749
應收賬款		43,433			42,701			62,214
存貨		390,330			399,602			491,619
預付費用及其他流動資產		49,178			20,354			43,109
流動資產總計		490,194			468,004			602,691

淨物業和設備		92,230			97,487			105,486
使用權資產		159,785			161,595			159,374
商標淨值		13,000			13,000			13,000
其他資產淨值		7,300			7,466			8,242
資產總計	$	762,509		$	747,552		$	888,793

負債和股東赤字：
循環貸款	$	297,214		$	245,659		$	362,375
應付賬款		86,151			126,716			125,912
租賃負債的流動部分		56,253			67,407			65,151
應計費用及其他流動負債		93,059			78,336			95,555
流動負債總計		532,677			518,118			648,993

關聯方長期債務		107,377			165,974			165,664
租賃負債的長期部分		116,854			107,287			108,390
其他長期負債		14,212			15,584			15,320
負債總計		771,120			806,963			938,367

股東赤字		(8,611	)		(59,411	)		(49,574	)
負債和股東赤字總計	$	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.

* 來源於公司截至2025年2月1日的年度報告中包含的經審計合併財務報表。



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



兒童之家公司簡明合併現金流量表（單位：千美元）（未經審計）

	截至
	2025年11月1日		2024年11月2日

淨虧損	$	(43,708	)	$	(49,829	)
非現金調整		84,351			130,448
營運資金		(107,837	)		(319,535	)
經營活動中使用的淨現金		(67,194	)		(238,916	)

投資活動中使用的淨現金		(14,489	)		(15,924	)

融資活動提供的淨現金		80,551			248,040

匯率變動對現金及現金等價物的影響		3,038			(1,090	)

現金及現金等價物的淨增加（減少）		1,906			(7,890	)

期初現金及現金等價物		5,347			13,639

期末現金及現金等價物	$	7,253		$	5,749

Childrens Place 公佈 2025 年第三季度業績 | PLCE 股票新聞