Why Children's Place Stock Took a Dive Today

·2 min read

Shares of Children's Place (NASDAQ: PLCE), the leading pure-play children's apparel retailer, fell today after the company delivered disappointing results in its second-quarter earnings report. Faced with pressure from inflation, the consumer slowdown, markdowns from competitors, and supply chain issues, Children's Place reported a surprise loss of $0.89 per share on an adjusted basis. The top-line performance was also disappointing.