Children's Place: Impressive Q2, And The Stock Is A Buy Under New Management
PLCEThe Children's Place(PLCE) Seeking Alpha·2024-09-12 21:48
Klaus Vedfelt/DigitalVision via Getty Images The Children's Place, Inc.'s (NASDAQ:PLCE) Q2 2024 was impressive, with the company returning to adjusted profitability in a slow quarter after only one quarter of the new controlling shareholder. The company did so while losing sales, by shedding the most unprofitable ones (free shipping and super discounted) as was commented since my first article on the company. The stock reacted aggressively post earnings, climbing 85%. Although management's comments have ...