ුවීÆã� | COMPANY OVERVIEW as of Q4 | FY 2021 THE CHILDREN'S PLACE T SAFE HARBOR STATEMENT Forward Looking Statements This presentation 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 adjusted net income per diluted share. Forward-looking statements typically are identified by use of terms such as "may," "will," "sh ...

The Children's Place, Inc. (NASDAQ:PLCE) Q4 2021 Earnings Conference Call March 9, 2022 8:00 AM ET Company Participants Jane Elfers - President & CEO Rob Helm - CFO Conference Call Participants Dana Telsey - Telsey Group Jim Chartier - Monness, Crespi & Hardt Jay Sole - UBS Paul Lejuez - Citi Susan Anderson - B. Riley Operator Good morning, and welcome to The Children's Place Fourth Quarter and Fiscal Full-Year 2021 Earnings Conference Call. On the call today are Jane Elfers, President and Chief Executive O ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-23071 ____________________________________________________ ...

PENCE | COMPANY OVERVIEW AS OF Q3 | 2021 n 21 10 2 THE CHILDREN'S PLACE T SAFE HARBOR STATEMENT Forward Looking Statements This presentation 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 adjusted net income per diluted share. Forward-looking statements typically are identified by use of terms such as "may," "will ...

Financial Data and Key Metrics Changes - The company reported a record Q3 adjusted EPS of $5.43, with net sales increasing by $133 million or 31% to $558 million compared to $426 million last year [19][20] - Adjusted gross margin increased by 868 basis points to 43.9% of net sales, compared to 35.2% last year, driven by higher merchandise margins and strategic pricing [22][23] - Adjusted operating income rose by $85 million to $117 million, representing 20.9% of sales, compared to $31 million last year [24] Business Line Data and Key Metrics Changes - Digital sales increased by 36% in Q3, representing 45% of total sales, with U.S. digital sales up 40% [21] - Store net sales were $278 million, approximately 89% of Q3 2019 store net sales, despite having 26% fewer stores [21] - The company achieved a 17% increase in market share for Q3 compared to 2020, with a 900 basis point increase in gross margins [8][20] Market Data and Key Metrics Changes - U.S. net sales increased by $113 million or 31% to $475 million, while Canadian net sales increased by $5 million or 10% to $53 million [20] - Comparable retail sales were up 36% versus Q3 2020 and 19% versus Q3 2019 [20] Company Strategy and Development Direction - The company is focusing on digital growth, targeting approximately 50% steady-state annual digital penetration [5] - A new brand, Sugar & Jade, was launched targeting the $8 billion U.S. tween market, with plans for gradual expansion based on market response [13][46] - The company plans to close approximately 275 stores by the end of 2021, down from an original target of 300, due to favorable lease negotiations [11][28] Management's Comments on Operating Environment and Future Outlook - Management expects supply chain disruptions to continue at least through back-to-school 2022, but feels confident in inventory management [37] - The company anticipates Q4 gross margins to exceed historical levels, despite a lower rate than Q3 due to a condensed promotional calendar [31][57] - Management remains optimistic about the company's positioning for continued growth and shareholder returns [16] Other Important Information - The company generated $71 million in cash from operations in Q3, compared to $32 million last year, and repurchased $32 million of stock [27] - The company ended the quarter with $67 million in cash and short-term investments, and $174 million outstanding on its revolving credit facility [26] Q&A Session Summary Question: Update on supply chain situation and future collaborations - Management indicated that supply chain issues are expected to last through at least back-to-school 2022, but they have managed inventory well [37] - Future collaborations were not disclosed for competitive reasons, but there is an intention to increase marketing spend [40][41] Question: Details on Sugar & Jade launch and growth potential - The tween market is seen as an $8 billion opportunity, with plans to launch Sugar & Jade across various categories to gauge market response [44][46] - Initial costs associated with the launch are included in the planned SG&A for Q4 [47] Question: Drivers of strong sales in Q3 - Strong back-to-school performance and a return to higher margins were key drivers, with a significant market share gain noted [51][52] Question: Q4 sales trends and promotional calendar impact - Management noted a strong start to Q4 but refrained from providing specific comp guidance [56] - Q4 gross margins are expected to be higher than historical levels despite a seasonal dip due to promotions [57]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-23071 ______________________________________________________ ...

PLACE OVERVIEW AS OF Q2 | 2021 THE CHILDREN'S PLACE SAFE HARBOR STATEMENT Forward Looking Statements This presentation 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 adjusted net income per diluted share. Forward-looking statements typically are identified by use of terms such as "may," "will," "should," "plan," " ...

Financial Data and Key Metrics Changes - The company reported a record Q2 adjusted EPS of $1.71, with net sales increasing by $45 million or 12% to $414 million compared to last year's $369 million [21] - Adjusted gross margin increased by 2,168 basis points to 40.6% of net sales, a record for Q2, compared to 18.9% last year [29] - Adjusted operating income increased by $89 million to $40 million or 9.7% of sales, a record result compared to an adjusted operating loss of $49 million last year [33] Business Line Data and Key Metrics Changes - Digital sales represented 43% of total sales in Q2, a decrease of 33% compared to 2020, while store net sales were $219 million, approximately 80% of Q2 2019 store net sales [25][26] - The U.S. net sales increased by $39 million or 12% to $372 million, while Canadian net sales increased by $4 million or 13% to $37 million [21] Market Data and Key Metrics Changes - Comparable retail sales were positive 14.1% in Q2 2021 versus Q2 2020, and positive 12.4% versus Q2 2019 [21] - The company experienced a significant increase in customer spending due to government stimulus, including enhanced child tax credit payments [22] Company Strategy and Development Direction - The company is focused on a digital-first business model, with plans to achieve approximately 50% steady state annual digital penetration [7] - A strategic pricing reset is anticipated to drive accelerated operating margin expansion in 2021 and beyond, leveraging a less crowded competitive landscape [5][18] Management's Comments on Operating Environment and Future Outlook - Management noted strong back-to-school sales driven by the return to in-person learning and the impact of child tax credit payments [15] - The company is monitoring the Delta variant's impact on operations but remains optimistic about the strong start to Q3 [16][39] Other Important Information - The company plans to close an additional 81 stores by the end of fiscal 2021, bringing total closures to 300 stores [38][45] - Capital expenditures for fiscal year 2021 are planned at approximately $40 million, primarily focused on digital and supply chain fulfillment initiatives [48] Q&A Session Summary Question: What is the impact of the pricing and promotion reset on future merchandise margins? - Management indicated that the reset is a structural change aimed at long-term gain, not solely influenced by competitor closures [56] Question: Can you provide details on CapEx investments and expected benefits? - The company expects to invest $40 million in CapEx, focusing on digital and supply chain fulfillment to support e-commerce growth [61] Question: How is the company positioned for operating margin expansion? - Management highlighted that structural changes made during the pandemic are driving current profitability, with expectations for continued margin improvement [65]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 1, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-23071 ______________________________________________________ TH ...

Company Overview - The Children's Place is the 1 pure-play children's specialty apparel retailer in North America, with $1.5 billion in revenue in fiscal year 2020[6] - As of May 1, 2021, the company operated 724 stores in the United States, Canada, and Puerto Rico[8] - E-commerce represented approximately 53% of sales in fiscal year 2020 and approximately 42% of sales for year-to-date fiscal year 2021[8] Financial Performance (Q1 2021 Adjusted Results) - Net sales increased by 70.6% from $255.2 million in Q1 2020 to $435.5 million in Q1 2021[12] - Gross profit margin increased by 2,571 basis points from 17.7% in Q1 2020 to 43.4% in Q1 2021[12] - Operating income was $70.7 million in Q1 2021, a 4,168 basis point increase compared to an operating loss of $64.9 million in Q1 2020[12] - Net income was $48.7 million in Q1 2021, a 3,028 basis point increase compared to a net loss of $48.7 million in Q1 2020[12] - EPS was $3.25 in Q1 2021, compared to ($3.33) in Q1 2020[12] Strategic Initiatives - The company accelerated fleet optimization, closing 474 stores since 2013, with approximately 98 additional store closures targeted in fiscal year 2021[10] - The company is targeting approximately 25% of total revenue from traditional malls entering fiscal year 2022[20, 26] - In fiscal 2020, the company achieved a 46% use of Better Cotton, surpassing the original fiscal 2022 goal of 30%, and has set a new fiscal 2025 goal to achieve 75% responsibly sourced cotton for the cotton fibers used in apparel[39]