The company's profit warning and need for new financing have...
The company's profit warning and need for new financing have significantly impacted its share price. The revised Q4 expectations reflect the impact of lower than expected merchandise margin, more aggressive promotions, higher than anticipated split shipments, and increased inventory valuation adjustments.
Children's Place's Stock Sinks Nearly 60% to 21-Year Low After Retailer Says It Needs New Funding
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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