Childrens Place, Inc. (PLCE) – SEC staff letter
2026-01-27 · Re: The Children's Place, Inc. Form 10-K for the Fifty-Two Weeks Ended February 1, 2025 Form 8-K filed April 11, 2025 Form 10-Q for the Quarterly Period Ended November 1, 2025 · Accession 0000000000-26-000839 · 3 staff comment(s) issued
Company response(s): 2026-02-09
Non-GAAP: Equal ProminenceNon-GAAP: Reconciliation & UsefulnessMD&A: Results & Known TrendsStatement of Cash Flows (ASC 230)Exhibits, Certifications & SignaturesCapitalization, Equity & Escrow
2026-01-27 · The Children's Place, Inc. Form 10-K for the Fifty-Two Weeks Ended February 1, 2025 Form 8-K filed April 11, 2025 Form 1 · Comment 1 · Results of Operations, page 37 Agreed to revise
Staff comment: You discuss adjusted selling, general and administrative expenses and adjusted operating income leveraged basis points and percentages of net sales without presenting or discussing the most directly comparable GAAP measure with equal or greater prominence. Please revise future disclosures to comply with Item 10(e)(1)(i)(A) of Regulation S-K or explain why a revision is not necessary. Refer to Question 102.10(a) of the Staff’s Compliance and Disclosure Interpretations on Non-GAAP Financial Measures.
letter → Company response: We acknowledge the Staff’s comment and will revise future disclosures to comply with Item 10(e)(1)(i)(A) of Regulation S-K by presenting or discussing the most directly comparable GAAP measure with equal or greater prominence.
response letter → 2026-01-27 · The Children's Place, Inc. Form 10-K for the Fifty-Two Weeks Ended February 1, 2025 Form 8-K filed April 11, 2025 Form 1 · Comment 2 · Non-GAAP Reconciliation, page 37 Agreed to revise
Staff comment: We note numerous adjustments to your non-GAAP measures in Fiscal 2024. Please tell us your consideration of providing reconciliations in tabular form for clarity. Refer to Item 10(e)(1)(i)(B) of Regulation S-K.
letter → Company response: We acknowledge the Staff’s comment and have reviewed Item 10(e)(1)(i)(B) of Regulation S-K, which requires a reconciliation (by schedule or other clearly understandable method) of the differences between the non-GAAP financial measure disclosed or released with the most directly comparable financial measure calculated and presented in accordance with GAAP. The Company provides its reconciliation of GAAP to non-GAAP financial measures in narrative form as it believes it is an understandable method and is helpful to the reader to review these adjustments in conjunction with the description of the variances for period-over-period changes in GAAP metrics. The Company will revise the…
response letter → 2026-01-27 · The Children's Place, Inc. Form 10-K for the Fifty-Two Weeks Ended February 1, 2025 Form 8-K filed April 11, 2025 Form 1 · Comment 3 · Exhibit 99.1, page 1 Agreed to revise
Staff comment: The second line item on page 1 reports the third consecutive quarter of adjusted profit and discussions on pages 3 and 4 discuss adjusted selling, general and administrative expenses and adjusted operating income leveraged basis points and percentages of net sales without presenting or discussing the most directly comparable GAAP measure with equal or greater prominence. Please revise future disclosures to comply with Item 10(e)(1)(i)(A) of Regulation S-K or explain why a revision is not necessary. Refer to Question 102.10(a) of the Staff’s Compliance and Disclosure Interpretations on Non-GAAP Financial Measures. 4. Reference is made to page 7. Please tell us the Adjusted net income (loss)…
letter → Company response: We acknowledge the Staff’s comment and will revise future disclosures to comply with Item 10(e)(1)(i)(A) of Regulation S-K by presenting or discussing the most directly comparable GAAP measure with equal or greater prominence. Exhibit 99.1, page 7 4. Reference is made to page 7. Please tell us the Adjusted net income (loss) effective tax rate for each period presented and explain why it’s reasonable. In this regard, tell us your consideration of including current and deferred income tax expense commensurate with this non-GAAP measure of profitability. Refer to Question 102.11 of the Staff’s Compliance and Disclosure Interpretations on Non-GAAP Financial Measures. Response: We acknowledge…
response letter → Full letter on EDGAR → · Filing index · All Childrens Place, Inc. (PLCE) correspondence
Non-GAAP: Equal Prominence – what to check: In earnings releases and MD&A, present the GAAP measure first and with at least equal emphasis, including headlines, bullets and tables.
Non-GAAP: Reconciliation & Usefulness – what to check: Reconcile every non-GAAP measure (including segment-level measures presented outside the ASC 280 note) to the most directly comparable GAAP measure, and explain why it is useful.
MD&A: Results & Known Trends – what to check: Quantify drivers of changes (price vs. volume), discuss known trends and uncertainties, and avoid repeating the financial statements.
Statement of Cash Flows (ASC 230) – what to check:
Exhibits, Certifications & Signatures – what to check:
Capitalization, Equity & Escrow – what to check:
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