What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2025-09-05 compared with 2025-06-11 · 219 added, 134 removed, 583 unchanged (38% of the section changed)

4 unchanged sentences

2025 February 1,

2025 August 3,

(in thousands, except par value)

11 unchanged sentences

Total assets $ 805,097 $ 747,552 $ 921,414

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

LIABILITIES AND STOCKHOLDERS’ DEFICIT

Current liabilities:

8 unchanged sentences

Long-term portion of operating lease liabilities 103,982 107,287 110,596

Income taxes payable — — 9,486

Other tax liabilities 5,523 5,291 5,073

2 unchanged sentences

Commitments and contingencies (see Note 7)

Stockholders’ equity (deficit):

Stockholders’ deficit:

Preferred stock, $ 1.00 par value, 1,000 shares authorized, 0 shares issued and outstanding

9 unchanged sentences

Accumulated deficit ( 232,072 ) ( 192,684 ) ( 204,774 )

Total stockholders’ equity (deficit) 1,415 ( 59,411 ) ( 34,850 )

Total liabilities and stockholders’ equity (deficit) $ 779,602 $ 747,552 $ 848,335

Total stockholders’ deficit ( 4,867 ) ( 59,411 ) ( 68,872 )

Total liabilities and stockholders’ deficit $ 805,097 $ 747,552 $ 921,414

See accompanying notes to these consolidated financial statements.

2 unchanged sentences

CONSOLIDATED STATEMENTS OF OPERATIONS

Thirteen Weeks Ended

Thirteen Weeks Ended Twenty-six Weeks Ended

2025 August 3,

2024 August 2,

2025 August 3,

(in thousands, except loss per common share)

4 unchanged sentences

Depreciation and amortization 7,570 9,505 15,800 21,140

Operating loss ( 24,117 ) ( 27,988 )

Asset impairment charges — 28,000 — 28,000

Operating income (loss) 4,106 ( 21,776 ) ( 20,011 ) ( 49,764 )

Related party interest expense ( 1,868 ) ( 2,087 ) ( 3,740 ) ( 2,476 )

14 unchanged sentences

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

Thirteen Weeks Ended

Thirteen Weeks Ended Twenty-six Weeks Ended

2025 August 3,

2024 August 2,

2025 August 3,

(in thousands)

6 unchanged sentences

AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)

Thirteen Weeks Ended May 3, 2025

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

Thirteen Weeks Ended August 2, 2025

Accumulated Total

2 unchanged sentences

(in thousands) Shares Amount Capital Compensation Deficit Loss Shares Amount (Deficit)

Balance, May 3, 2025 22,065 $ 2,207 $ 241,824 $ 90 $ ( 226,707 ) $ ( 15,909 ) ( 3 ) $ ( 90 ) $ 1,415

Vesting of stock awards 162 16 ( 16 ) — — — — — —

Stock-based compensation expense — — 931 — — — — — 931

Purchase and retirement of common stock ( 56 ) ( 6 ) ( 332 ) — — — — — ( 338 )

Other comprehensive loss — — — — — ( 1,510 ) — — ( 1,510 )

Net loss — — — — ( 5,365 ) — — — ( 5,365 )

Balance, August 2, 2025 22,171 $ 2,217 $ 242,407 $ 90 $ ( 232,072 ) $ ( 17,419 ) ( 3 ) $ ( 90 ) $ ( 4,867 )

Twenty-six Weeks Ended August 2, 2025

Additional Other Total

Common Stock Paid-In Deferred Accumulated Comprehensive Treasury Stock Stockholders’

(in thousands) Shares Amount Capital Compensation Deficit Loss Shares Amount Deficit

Balance, February 1, 2025 12,785 $ 1,279 $ 151,485 $ 90 $ ( 192,684 ) $ ( 19,491 ) ( 3 ) $ ( 90 ) $ ( 59,411 )

6 unchanged sentences

Net loss — — — — ( 39,388 ) — — — ( 39,388 )

Balance, August 2, 2025 22,171 $ 2,217 $ 242,407 $ 90 $ ( 232,072 ) $ ( 17,419 ) ( 3 ) $ ( 90 ) $ ( 4,867 )

See accompanying notes to these consolidated financial statements.

THE CHILDREN’S PLACE, INC.

AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

Thirteen Weeks Ended August 3, 2024

Additional Other Total

Common Stock Paid-In Deferred Accumulated Comprehensive Treasury Stock Stockholders’

(in thousands) Shares Amount Capital Compensation Deficit Loss Shares Amount Deficit

Balance, May 4, 2024 12,739 $ 1,274 $ 153,358 $ 2,957 $ ( 172,660 ) $ ( 16,822 ) ( 60 ) $ ( 2,957 ) $ ( 34,850 )

Thirteen Weeks Ended May 4, 2024

Vesting of stock awards 61 6 ( 6 ) — — — — — —

Stock-based compensation benefit — — ( 1,248 ) — — — — — ( 1,248 )

Purchase and retirement of common stock ( 21 ) ( 2 ) ( 245 ) — — — — — ( 247 )

Other comprehensive loss — — — — — ( 413 ) — — ( 413 )

Deferral of common stock into deferred compensation plan — — — 18 — — ( 1 ) ( 18 ) —

Net loss — — — — ( 32,114 ) — — — ( 32,114 )

Balance, August 3, 2024 12,779 $ 1,278 $ 151,859 $ 2,975 $ ( 204,774 ) $ ( 17,235 ) ( 61 ) $ ( 2,975 ) $ ( 68,872 )

Twenty-six Weeks Ended August 3, 2024

Additional Other Total

6 unchanged sentences

Other comprehensive loss — — — — — ( 739 ) — — ( 739 )

Distribution of common stock into deferred compensation plan — — — 48 — — ( 4 ) ( 48 ) —

Deferral of common stock into deferred compensation plan — — — 66 — — ( 5 ) ( 66 ) —

Net loss — — — — ( 69,909 ) — — — ( 69,909 )

Balance, May 4, 2024 12,739 $ 1,274 $ 153,358 $ 2,957 $ ( 172,660 ) $ ( 16,822 ) ( 60 ) $ ( 2,957 ) $ ( 34,850 )

Balance, August 3, 2024 12,779 $ 1,278 $ 151,859 $ 2,975 $ ( 204,774 ) $ ( 17,235 ) ( 61 ) $ ( 2,975 ) $ ( 68,872 )

See accompanying notes to these consolidated financial statements.

2 unchanged sentences

CONSOLIDATED STATEMENTS OF CASH FLOWS

Thirteen Weeks Ended

Twenty-six Weeks Ended

2025 August 3,

(in thousands)

5 unchanged sentences

Non-cash stock-based compensation expense 2,677 11,361

Asset impairment charges — 28,000

Other non-cash charges, net 2,647 1,072

41 unchanged sentences

The Company designs, contracts to manufacture, and sells fashionable, high-quality apparel, accessories and footwear predominantly at value prices, primarily under the Company’s proprietary brands “The Children’s Place”, “Gymboree”, “Sugar & Jade”, and “PJ Place”.

Its global retail and wholesale network includes two digital storefronts, 495 stores in North America, wholesale marketplaces, 228 international points of distribution in 12 countries through seven international franchise partners and social media channels on Instagram, Facebook, X, formerly known as Twitter, YouTube and Pinterest.

Its global retail and wholesale network includes two digital storefronts, 494 stores in North America, wholesale marketplaces, 229 international points of distribution in 12 countries through seven international franchise and wholesale partners and social media channels on Instagram, Facebook, X, formerly known as Twitter, YouTube and Pinterest.

The Company’s digital storefronts are at www.childrensplace.com and www.gymboree.com , where its customers are able to shop online for the same merchandise available in its physical stores, but also certain exclusive merchandise only available at its e-commerce sites.

8 unchanged sentences

Terms that are commonly used in the notes to the Company’s consolidated financial statements are defined as follows:

• First Quarter 2025 — The thirteen weeks ended May 3, 2025

• First Quarter 2024 — The thirteen weeks ended May 4, 2024

• Second Quarter 2025 — The thirteen weeks ended August 2, 2025

• Second Quarter 2024 — The thirteen weeks ended August 3, 2024

• Year-To-Date 2025 — The twenty-six weeks ended August 2, 2025

• Year-To-Date 2024 — The twenty-six weeks ended August 3, 2024

• Fiscal 2025 — The fifty-two weeks ending January 31, 2026

• Fiscal 2024 — The fifty-two weeks ended February 1, 2025

• Fiscal 2023 — The fifty-three weeks ended February 3, 2024

Securities and Exchange Commission

11 unchanged sentences

Intercompany balances and transactions have been eliminated.

As of May 3, 2025, February 1, 2025 and May 4, 2024, the Company did not have any investments in unconsolidated affiliates.

As of August 2, 2025, February 1, 2025 and August 3, 2024, the Company did not have any investments in unconsolidated affiliates.

FASB ASC 810— Consolidation is considered when determining whether an entity is subject to consolidation.

In the opinion of management, the accompanying unaudited consolidated financial statements contain all normal recurring adjustments necessary for a fair statement of the consolidated balance sheets of the Company as of May 3, 2025 and May 4, 2024, the results of its consolidated operations, consolidated comprehensive loss, and consolidated changes in stockholders’ equity (deficit) for the thirteen weeks ended May 3, 2025 and May 4, 2024, and consolidated cash flows for the thirteen weeks ended May 3, 2025 and May 4, 2024.

The consolidated balance sheet as of February 1, 2025 was derived from audited financial statements.

Due to the seasonal nature of the Company’s business, the results of operations for the thirteen weeks ended May 3, 2025 and May 4, 2024 are not necessarily indicative of operating results for a full fiscal year.

These consolidated financial statements should be read in conjunction with the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended February 1, 2025.

THE CHILDREN’S PLACE, INC.

1 unchanged sentence

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

In the opinion of management, the accompanying unaudited consolidated financial statements contain all normal recurring adjustments necessary for a fair statement of the consolidated balance sheets of the Company as of August 2, 2025 and August 3, 2024, the results of its consolidated operations, consolidated comprehensive loss, and consolidated changes in stockholders’ deficit for the thirteen and twenty-six weeks ended August 2, 2025 and August 3, 2024, and consolidated cash flows for the twenty-six weeks ended August 2, 2025 and August 3, 2024.

The consolidated balance sheet as of February 1, 2025 was derived from audited financial statements.

Due to the seasonal nature of the Company’s business, the results of operations for the thirteen and twenty-six weeks ended August 2, 2025 and August 3, 2024 are not necessarily indicative of operating results for a full fiscal year.

The Company’s fiscal year is a fifty-two week or fifty-three week period ending on the Saturday on or nearest to January 31.

18 unchanged sentences

ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted.

The adoption of ASU 2023-09 will expand our disclosures, but we do not expect it to have a material impact on our consolidated financial statements.

The adoption of ASU 2023-09 will expand the Company’s disclosures, but is not expected to have a material impact on its consolidated financial statements.

In November 2024, the FASB issued Accounting Standards Update No.

7 unchanged sentences

The following table presents the Company’s net sales disaggregated by geography:

Thirteen Weeks Ended

Thirteen Weeks Ended Twenty-six Weeks Ended

2025 August 3,

2024 August 2,

2025 August 3,

(in thousands)

10 unchanged sentences

The Company recognizes revenue, including shipping and handling fees billed to customers, as applicable, upon purchase at the Company’s retail stores or when received by the customer if the product was purchased via e-commerce, net of coupon redemptions and anticipated sales returns.

The Company deferred sales of $ 7.6 million, $ 3.2 million, and $ 5.3 million within Accrued expenses and other current liabilities as of May 3, 2025, February 1, 2025, and May 4, 2024, respectively, based upon estimated time of delivery, at which point control passes to the customer.

The Company deferred sales of $ 10.6 million, $ 3.2 million, and $ 12.6 million within Accrued expenses and other current liabilities as of August 2, 2025, February 1, 2025, and August 3, 2024, respectively, based upon estimated time of delivery, at which point control passes to the customer.

Sales tax collected from customers is excluded from revenue.

For its wholesale business, the Company recognizes revenue, when title of the goods passes to the customer, net of commissions, discounts, operational chargebacks, and cooperative advertising.

The allowance for wholesale revenue included within Accounts receivable was $ 8.0 million, $ 8.7 million, and $ 7.0 million as of May 3, 2025, February 1, 2025, and May 4, 2024, respectively.

The allowance for wholesale revenue included within Accounts receivable was $ 6.9 million, $ 8.7 million, and $ 8.0 million as of August 2, 2025, February 1, 2025, and August 3, 2024, respectively.

For the sale of goods to retail customers with a right of return, the Company recognizes revenue for the consideration it expects to be entitled to and calculates an allowance for estimated sales returns based upon the Company’s sales return experience.

Adjustments to the allowance for estimated sales returns in subsequent periods have not been material based on historical data, thereby reducing the uncertainty inherent in such estimates.

The allowance for estimated sales returns, which is recorded in Accrued expenses and other current liabilities, was $ 1.2 million, $ 1.0 million, and $ 1.3 million as of May 3, 2025, February 1, 2025, and May 4, 2024, respectively.

The allowance for estimated sales returns, which is recorded in Accrued expenses and other current liabilities, was $ 2.0 million, $ 1.0 million, and $ 2.1 million as of August 2, 2025, February 1, 2025, and August 3, 2024, respectively.

The Company’s private label credit card is issued to customers for use exclusively at The Children’s Place and Gymboree stores in the U.S.

19 unchanged sentences

The value of each point earned is recorded as deferred revenue and is included within Accrued expenses and other current liabilities.

The total contract liabilities related to this program were $ 5.4 million, $ 3.7 million, and $ 2.3 million as of May 3, 2025, February 1, 2025, and May 4, 2024, respectively.

During the First Quarter 2025 and the First Quarter 2024, the Company recognized Net sales of $ 3.7 million and $ 1.7 million related to the points-based customer loyalty program balance that existed at February 1, 2025 and February 3, 2024, respectively.

The total contract liabilities related to this program were $ 6.0 million, $ 3.7 million, and $ 3.6 million as of August 2, 2025, February 1, 2025, and August 3, 2024, respectively.

During Year-To-Date 2025 and Year-To-Date 2024, the Company recognized Net sales of $ 3.7 million and $ 1.7 million related to the points-based customer loyalty program balance that existed at February 1, 2025 and February 3, 2024, respectively.

The Company’s policy with respect to gift cards is to record revenue as and when the gift cards are redeemed for merchandise.

3 unchanged sentences

The liability is estimated based on expected breakage that considers historical patterns of redemption.

The gift card liability balance as of May 3, 2025, February 1, 2025, and May 4, 2024 was $ 4.4 million, $ 4.8 million, and $ 6.4 million, respectively.

During the First Quarter 2025 and the First Quarter 2024, the Company recognized Net sales of $ 1.4 million and $ 1.7 million related to the gift card liability balance that existed at February 1, 2025 and February 3, 2024, respectively.

The gift card liability balance as of August 2, 2025, February 1, 2025, and August 3, 2024 was $ 4.3 million, $ 4.8 million, and $ 6.4 million, respectively.

During the Second Quarter 2025 and the Second Quarter 2024, the Company recognized Net sales of $ 0.9 million and $ 1.0 million related to the gift card liability balance that existed at February 1, 2025 and February 3, 2024, respectively.

During Year-To-Date 2025 and Year-To-Date 2024, the Company recognized Net sales of $ 2.3 million and $ 2.7 million related to the gift card liability balance that existed at February 1, 2025 and February 3, 2024, respectively.

The Company has an international program of territorial agreements with franchisees.

4 unchanged sentences

The Company records these territorial fees as deferred revenue and amortizes the fee into Net sales over the life of the territorial agreement.

THE CHILDREN’S PLACE, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

INTANGIBLE ASSETS

2 unchanged sentences

The Gymboree tradename is recorded in the long-term assets section of the consolidated balance sheets.

THE CHILDREN’S PLACE, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The Company’s intangible assets were as follows:

August 2, 2025

Useful Life Gross Amount Accumulated Amortization Net Amount

11 unchanged sentences

Total intangible assets $ 17,000 $ ( 4,000 ) $ 13,000

August 3, 2024

Useful Life Gross Amount Accumulated Amortization Net Amount

2 unchanged sentences

Indefinite $ 13,000 $ — $ 13,000

Crazy 8 tradename

5 years 4,000 ( 4,000 ) —

Total intangible assets $ 13,000 $ — $ 13,000

The Company recorded an impairment charge on the Gymboree tradename of $ 28.0 million in Fiscal 2024, which reduced the carrying value to its fair value of $ 13.0 million.

The Company did not identify any indicators of impairment in the First Quarter 2025 and First Quarter 2024.

The Company did not identify any indicators of impairment in the Second Quarter 2025 and Year-To-Date 2025.

The Company recorded an impairment charge on the Gymboree tradename of $ 28.0 million during the Second Quarter 2024, which reduced the carrying value to its fair value of $ 13.0 million as of August 3, 2024.

PROPERTY AND EQUIPMENT, NET

1 unchanged sentence

2025 February 1,

2025 August 3,

(in thousands)

9 unchanged sentences

Property and equipment, net $ 89,445 $ 97,487 $ 111,296

The Company reviewed its store related long-lived assets for indicators of impairment, and performed a recoverability test if indicators were identified.

Based on the results of the analyses performed, the Company did not record asset impairment charges in the First Quarter 2025 and First Quarter 2024.

THE CHILDREN’S PLACE, INC.

1 unchanged sentence

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The Company reviewed its store related long-lived assets for indicators of impairment, and performed a recoverability test if indicators were identified.

Based on the results of the analyses performed, the Company did not record asset impairment charges in the Second Quarter 2025 and Year-To-Date 2025, and in the Second Quarter 2024 and Year-To-Date 2024.

The Company has operating leases for retail stores, corporate offices, distribution facilities, and certain equipment.

3 unchanged sentences

The following components of operating lease expense were recognized in the Company’s Consolidated Statements of Operations:

Thirteen Weeks Ended

May 3, 2025 May 4, 2024

Thirteen Weeks Ended Twenty-six Weeks Ended

August 2, 2025 August 3, 2024 August 2, 2025 August 3, 2024

(in thousands)

1 unchanged sentence

Variable operating lease cost

4,322 6,098 10,081 13,944

Total operating lease cost $ 25,665 $ 29,237 $ 52,623 $ 59,585

The following table provides the weighted-average remaining lease term of the Company’s operating leases, the weighted-average discount rate used to calculate the Company’s operating liabilities, cash paid for amounts included in the measurement of the Company’s operating lease liabilities, and right-of-use (“ROU”) assets obtained in exchange for the Company’s new operating lease liabilities:

Thirteen Weeks Ended

May 3, 2025 May 4, 2024

Twenty-six Weeks Ended

August 2, 2025 August 3, 2024

Weighted-average remaining lease term (years) 4.4 4.3

2 unchanged sentences

ROU assets obtained in exchange for new operating lease liabilities ($, in millions) 27.3 34.8

As of May 3, 2025, the maturities of operating lease liabilities were as follows:

The maturities of operating lease liabilities were as follows:

August 2, 2025

(in thousands)

11 unchanged sentences

As of April 18, 2024, which is the effective date of the seventh amendment to the Credit Agreement (the “Seventh Amendment”), the ABL Credit Facility includes a $ 25.0 million Canadian sublimit and a $ 25.0 million sublimit for standby and documentary letters of credit.

Under the ABL Credit Facility, prior to February 4, 2025, borrowings outstanding bore interest, at the Company’s option, at:

(i) the prime rate per annum, plus a margin of 2.000 %;

(ii) the Secured Overnight Financing Rate (“SOFR”) per annum, plus 0.100 %, plus a margin of 3.000 %.

From and after February 4, 2025 and on the first day of each fiscal quarter thereafter, based on the amount of the Company’s average daily excess availability under the facility, borrowings outstanding under the ABL Credit Facility bear interest, at the Company’s option, at:

(i) the prime rate per annum, plus a margin of 1.750 % or 2.000 %;

(ii) the SOFR per annum, plus 0.100 %, plus a margin of 2.750 % or 3.000 %.

(ii) the Secured Overnight Financing Rate (“SOFR”) per annum, plus 0.100 %, plus a margin of 2.750 % or 3.000 %.

As of April 18, 2024, based on the size of the unused portion of the commitments, the Company is charged a fee ranging from 0.250 % to 0.375 %.

Prior to February 4, 2025, letter of credit fees were at 1.125 % for commercial letters of credit and 1.750 % for standby letters of credit.

As of February 4, 2025, letter of credit fees range from 1.000 % to 1.125 % for commercial letters of credit and range from 1.500 % to 1.750 % for standby letters of credit.

1 unchanged sentence

The amount available for loans and letters of credit under the ABL Credit Facility is determined by a borrowing base consisting of certain credit card receivables, certain trade receivables, certain inventory, and the fair market value of certain real estate, subject to certain reserves and an availability block.

For the First Quarter 2025 and First Quarter 2024, the Company recognized $ 4.8 million and $ 5.7 million, respectively, in interest expense related to the ABL Credit Facility.

For the Second Quarter 2025 and Year-To-Date 2025, the Company recognized $ 5.4 million and $ 10.2 million, respectively, in interest expense related to the ABL Credit Facility.

For the Second Quarter 2024 and Year-To-Date 2024, the Company recognized $ 6.3 million and $ 12.0 million, respectively, in interest expense related to the ABL Credit Facility.

As of April 18, 2024, credit extended under the ABL Credit Facility is secured by a first priority security interest in substantially all of the Company’s U.S.

7 unchanged sentences

The ABL Credit Facility contains customary events of default, which include (subject in certain cases to customary grace and cure periods) nonpayment of principal or interest, breach of covenants, failure to pay certain other indebtedness, and certain events of bankruptcy, insolvency or reorganization, such as a change of control.

As of August 2, 2025, February 1, 2025, and August 3, 2024, unamortized deferred financing costs amounted to $ 2.7 million, $ 3.8 million, and $ 2.4 million, related to the Company’s ABL Credit Facility.

THE CHILDREN’S PLACE, INC.

1 unchanged sentence

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

As of May 3, 2025, February 1, 2025, and May 4, 2024, unamortized deferred financing costs amounted to $ 3.3 million, $ 3.8 million, and $ 2.9 million, related to the Company’s ABL Credit Facility.

The tables below present the components of the Company’s ABL Credit Facility:

2025 February 1,

2025 August 3,

(in millions)

16 unchanged sentences

(1) The lower of the credit facility availability and the total borrowing base availability.

(2) The sub-limit availability for letters of credit was $ 6.8 million as of May 3, 2025, $ 9.0 million at February 1, 2025, and $ 12.8 million as of May 4, 2024.

(2) The sub-limit availability for letters of credit was $ 6.8 million as of August 2, 2025, $ 9.0 million at February 1, 2025, and $ 12.8 million as of August 3, 2024.

Mithaq Term Loans

1 unchanged sentence

The Company and certain subsidiaries maintain an interest-free, unsecured and subordinated promissory note with Mithaq for a $ 78.6 million term loan (the “Initial Mithaq Term Loan”), dated February 29, 2024, by and among the Company, certain of its subsidiaries, and Mithaq.

During the First Quarter 2025, $ 60.2 million under the Initial Mithaq Term Loan was repaid pursuant to the completion of the Company’s rights offering on February 6, 2025 (“Rights Offering”), leaving $ 18.4 million outstanding under the Initial Mithaq Term Loan as of May 3, 2025.

The Company recorded a loss on extinguishment of debt of $ 1.0 million during the First Quarter 2025, due to this partial prepayment of the Initial Mithaq Term Loan, which is recorded within Other interest expense.

During the first quarter of Fiscal 2025, $ 60.2 million under the Initial Mithaq Term Loan was repaid pursuant to the completion of the Company’s rights offering on February 6, 2025 (“Rights Offering”), leaving $ 18.4 million outstanding under the Initial Mithaq Term Loan as of August 2, 2025.

For more information about the Rights Offering, see “Note 8.

Stockholders’ Equity (Deficit)” below.

Stockholders’ Deficit” below.

The Initial Mithaq Term Loan matures on February 15, 2027 and is guaranteed by each of the Company’s subsidiaries that guarantee the Company’s ABL Credit Facility.

4 unchanged sentences

1 to the New Mithaq Term Loan promissory note, which subjected these deferred monthly payments due as of April 30, 2025 to a payment plan, payable in installments prior to the end of Fiscal 2025.

The amendment was evaluated under FASB ASC 470 — Debt , and accounted for as a debt modification.

The New Mithaq Term Loan is guaranteed by each of the Company’s subsidiaries that guarantee the Company’s ABL Credit Facility.

For the First Quarter 2025 and First Quarter 2024, the Company recognized $ 1.9 million and $ 0.4 million, respectively, in interest-equivalent expense related to the New Mithaq Term Loan.

As of May 3, 2025 and May 4, 2024, interest-equivalent expense payable to Mithaq was $ 8.4 million and $ 0.4 million, respectively, which is recorded within Accrued expenses and other current liabilities.

For the Second Quarter 2025 and Year-To-Date 2025, the Company recognized $ 1.9 million and $ 3.7 million, respectively, in interest-equivalent expense related to the New Mithaq Term Loan.

For the Second Quarter 2024 and Year-To-Date 2024, the Company recognized $ 2.1 million and $ 2.5 million, respectively, in interest-equivalent expense related to the New Mithaq Term Loan.

THE CHILDREN’S PLACE, INC.

1 unchanged sentence

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

During the Second Quarter 2025, the Company paid $ 3.3 million in interest-equivalent charges to Mithaq.

These payments were made in the form of Murabaha transactions to be compliant with Shariah law.

The purchase and sale of commodities as a result of these transactions have been accounted for in accordance with FASB ASC 610 — Other income , and presented on a net basis within Related party interest expense.

As of August 2, 2025, February 1, 2025, and August 3, 2024, interest-equivalent expense payable to Mithaq was $ 7.0 million, $ 6.5 million, and $ 2.5 million, respectively, which is recorded within Accrued expenses and other current liabilities.

The Mithaq Term Loans are subject to an amended and restated subordination agreement (as amended from time to time, the “Subordination Agreement”), dated as of April 16, 2024, by and among the Company and certain subsidiaries, Wells Fargo and Mithaq, pursuant to which the Mithaq Term Loans are subordinated in payment priority to the obligations of the Company and its subsidiaries under the Credit Agreement.

3 unchanged sentences

The Mithaq Term Loans contain certain customary events of default, which include (subject in certain cases to customary grace periods), nonpayment of principal, breach of other covenants of the Mithaq Term Loans, inaccuracy in representations or warranties, acceleration of certain other indebtedness (including under the Credit Agreement), certain events of bankruptcy, insolvency or reorganization, such as a change of control, and invalidity of any part of the Mithaq Term Loans.

As of May 3, 2025, February 1, 2025, and May 4, 2024, unamortized deferred financing costs amounted to $ 1.4 million, $ 2.6 million, and $ 2.0 million, respectively, related to the Mithaq Term Loans.

Maturities of the Company’s principal debt payments on the Mithaq Term Loans as of May 3, 2025 are as follows:

As of August 2, 2025, February 1, 2025, and August 3, 2024, unamortized deferred financing costs amounted to $ 1.2 million, $ 2.6 million, and $ 3.2 million, respectively, related to the Mithaq Term Loans.

Maturities of the Company’s principal debt payments on the Mithaq Term Loans as of August 2, 2025 are as follows:

August 2, 2025

(in thousands)

6 unchanged sentences

1 to the Commitment Letter, that extended the deadline for requesting advances until July 1, 2026.

On September 4, 2025, the Company and Mithaq entered into an Amendment No.

2 to the Commitment Letter, that further extended the deadline for requesting advances until July 1, 2027.

If any debt is incurred under the Mithaq Credit Facility, it shall require monthly payments equivalent to interest charged at the SOFR plus 5.000 % per annum.

2 unchanged sentences

Additionally, such debt shall require no mandatory prepayments and shall mature no earlier than July 1, 2027.

As of May 3, 2025, no debt had been incurred under the Mithaq Credit Facility.

COMMITMENTS AND CONTINGENCIES

The Company is a defendant in Rael v.

The Children’s Place, Inc.

, a purported class action, pending in the U.S.

District Court, Southern District of California.

In the initial complaint filed in February 2016, the plaintiff alleged that the Company falsely advertised discount prices in violation of California’s Unfair Competition Law, False Advertising Law, and Consumer Legal Remedies Act.

The plaintiff filed an amended complaint in April 2016, adding allegations of violations of other state consumer protection laws.

In August 2016, the plaintiff filed a second amended complaint, adding an additional plaintiff and removing the other state law claims.

The plaintiffs’ second amended complaint sought to represent a class of California purchasers and sought, among other items, injunctive relief, damages, and attorneys’ fees and costs.

As of August 2, 2025, no debt had been incurred under the Mithaq Credit Facility.

THE CHILDREN’S PLACE, INC.

1 unchanged sentence

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

The Company engaged in mediation proceedings with the plaintiffs in December 2016 and April 2017.

The parties reached an agreement in principle in April 2017, and signed a definitive settlement agreement in November 2017, to settle the matter on a class basis with all individuals in the U.S.

who made a qualifying purchase at The Children’s Place from February 11, 2012 through January 28, 2020, the date of preliminary approval by the court of the settlement.

The Company submitted its memorandum in support of final approval of the class settlement on March 2, 2021.

On March 29, 2021, the court granted final approval of the class settlement and denied plaintiff’s motion for attorney’s fees, with the amount of attorney’s fees to be decided after the class recovery amount has been determined.

The settlement provides merchandise vouchers for qualified class members who submit valid claims, as well as payment of legal fees and expenses and claims administration expenses.

Vouchers were distributed to class members on November 15, 2021 and they were eligible for redemption in multiple rounds through November 2023.

On February 23, 2024, a hearing on motion for preliminary injunction and permanent injunction and to enforce judgement and settlement agreement was held.

Pending receipt of the court’s ruling, upon the court’s order, the plaintiff filed a renewed motion for attorneys’ fees, costs and incentive awards on March 4, 2024, to which the Company filed a statement of non-opposition on April 1, 2024.

Because the plaintiff was seeking less than the maximum amount agreed to in the settlement, the Company requested that such difference in amount be distributed as vouchers to authorized class members, pursuant to the settlement agreement.

The hearing for the motion for attorneys’ fees, costs, and incentive awards resulted in the court granting the plaintiff’s counsel approximately $ 0.3 million in fees, costs and incentive awards.

The balance of funds initially reserved for the plaintiff counsel’s fees and costs have been issued as a single, final round of merchandise vouchers for qualified class members, which expired in March 2025.

Following the expiration of the vouchers in March, the Company has fully satisfied its obligations under the settlement agreement and considers this matter closed.

In connection with the settlement, the Company recorded a reserve for $ 5.0 million in its consolidated financial statements in the first quarter of 2017.

Following the court’s decision(s), the Company released $ 0.8 million and $ 2.3 million during the First Quarter 2025 and First Quarter 2024, respectively, from its previously established reserve, which is recorded within Selling, general and administrative expenses.

Similar to the Rael case above, the Company is also a defendant in Gabriela Gonzalez v.

COMMITMENTS AND CONTINGENCIES

The Company is a defendant in Gabriela Gonzalez v.

The Children’s Place, Inc.

18 unchanged sentences

In the opinion of management, any ultimate liability arising out of these proceedings is not expected to have a material adverse effect on the Company’s financial position, results of operations, or cash flows.

THE CHILDREN’S PLACE, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

STOCKHOLDERS’ EQUITY (DEFICIT)

STOCKHOLDERS’ DEFICIT

Rights Offering

8 unchanged sentences

Substantially all of the gross cash proceeds from the Rights Offering were used towards prepaying the Company’s ABL Credit Facility.

THE CHILDREN’S PLACE, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Share Repurchase Program

4 unchanged sentences

Currently, pursuant to the terms of the Company’s Credit Agreement as amended by its Seventh Amendment described above, the repurchase of any shares would require fulfilling the heightened payment conditions under the Credit Agreement, except that repurchases of shares as described below, pursuant to the Company’s practice as a result of its insider trading policy, are expressly permitted.

As of May 3, 2025, there was $ 156.5 million remaining availability under the Share Repurchase Program.

As of August 2, 2025, there was $ 156.1 million remaining availability under the Share Repurchase Program.

Pursuant to the Company’s practice, including due to restrictions imposed by the Company’s insider trading policy during black-out periods, the Company withholds and repurchases shares of vesting stock awards and makes payments to taxing authorities as required by law to satisfy the withholding tax requirements of all equity award recipients.

2 unchanged sentences

The following table summarizes the Company’s share repurchases:

Thirteen Weeks Ended

May 3, 2025 May 4, 2024

Twenty-six Weeks Ended

August 2, 2025 August 3, 2024

Shares Amount Shares Amount

6 unchanged sentences

The portion charged against Additional paid-in capital is determined using a pro-rata allocation based on total shares outstanding.

Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Company’s Board of Directors based on a number of factors, including business and market conditions, the Company’s financial performance, and other investment priorities.

Currently, pursuant to the terms of the Company’s Credit Agreement as amended by its Seventh Amendment as described above, the Company has no current plans to pay regular cash dividends in Fiscal 2025.

THE CHILDREN’S PLACE, INC.

1 unchanged sentence

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors based on a number of factors, including business and market conditions, the Company’s financial performance, and other investment priorities.

STOCK-BASED COMPENSATION

1 unchanged sentence

The Company also grants Deferred Awards to its non-employee independent directors.

The following table summarizes the Company’s stock-based compensation expense:

Thirteen Weeks Ended

The following table summarizes the Company’s stock-based compensation expense (benefit):

Thirteen Weeks Ended Twenty-six Weeks Ended

2025 August 3,

2024 August 2,

2025 August 3,

(in thousands)

1 unchanged sentence

Performance Awards

Total stock-based compensation expense (1)

464 ( 659 ) 971 9,532

Total stock-based compensation expense (benefit) (1)

$ 931 $ ( 1,248 ) $ 2,677 $ 11,361

(1) Stock-based compensation expense recorded within Cost of sales (exclusive of depreciation and amortization) amounted to $ 0.3 million and $ 1.0 million in the First Quarter 2025 and First Quarter 2024, respectively.

All other stock-based compensation expense is included in Selling, general, and administrative expenses.

During the First Quarter 2024, there was a change of control of the Company, which triggered a conversion of all then-outstanding Performance Awards into service-based Performance Awards in accordance with their terms.

As a result, the Fiscal 2023, fiscal year 2022, and fiscal year 2021 Performance Awards will all vest or have vested, as applicable, at their target shares on their respective vesting dates without regard to the achievement of any of the performance metrics associated with those awards, provided that the recipient be employed at the Company on each such vesting date.

The incremental expense recorded for Performance Awards in the First Quarter 2024 due to the change of control was $ 9.9 million.

___________________________________________

(1) Stock-based compensation expense (benefit) recorded within Cost of sales (exclusive of depreciation and amortization) amounted to $ 0.2 million and $ 0.1 million in the Second Quarter 2025 and Second Quarter 2024, respectively, and $ 0.4 million and $ 1.1 million in Year-To-Date 2025 and Year-To-Date 2024, respectively.

All other stock-based compensation expense (benefit) is included in Selling, general, and administrative expenses.

During Fiscal 2024, there was a change of control of the Company, which triggered a conversion of all then-outstanding Performance Awards into service-based Performance Awards in accordance with their terms.

As a result, the fiscal year 2023, fiscal year 2022, and fiscal year 2021 Performance Awards will all vest or have vested, as applicable, at their target shares on their respective vesting dates without regard to the achievement of any of the performance metrics associated with those awards, provided that the recipient be employed at the Company on each such vesting date.

The incremental expense recorded for Performance Awards during Year-To-Date 2024 due to the change of control was $ 9.9 million.

LOSS PER COMMON SHARE

During the First Quarter 2025, the Company completed its Rights Offering.

On February 6, 2025, the Company completed its Rights Offering.

As the exercise price of the subscription right was less than the fair value of the Common stock, the subscription right contained a bonus element.

In connection with this transaction, and in accordance with FASB ASC 260— Earnings Per Share , the Company’s weighted average common shares outstanding and basic and diluted loss per share were retroactively adjusted for all periods presented by a factor of 1.002 .

The following table reconciles net loss and common share amounts utilized to calculate basic and diluted loss per common share:

Thirteen Weeks Ended

Thirteen Weeks Ended Twenty-six Weeks Ended

2025 August 3,

2024 August 2,

2025 August 3,

(in thousands)

11 unchanged sentences

The Company stock included in the deferred compensation plan is not subject to fair value measurement.

The fair value of the Initial Mithaq Term Loan with a carrying value (gross of debt issuance costs) of $ 18.4 million as of May 3, 2025, was approximately $ 14.6 million.

The fair value of the New Mithaq Term Loan with a carrying value (gross of debt issuance costs) of $ 90.0 million as of May 3, 2025, was approximately $ 81.8 million.

The fair value of the Initial Mithaq Term Loan with a carrying value (gross of debt issuance costs) of $ 18.4 million as of August 2, 2025, was approximately $ 15.1 million.

The fair value of the New Mithaq Term Loan with a carrying value (gross of debt issuance costs) of $ 90.0 million as of August 2, 2025, was approximately $ 82.8 million.

The fair value of debt was estimated using a market approach, which considers the Company’s credit risk and market related conditions, and is therefore within Level 2 of the fair value hierarchy.

6 unchanged sentences

These assets are tested for impairment when events indicate that their carrying value may not be recoverable.

The Company performed periodic quantitative impairment assessments of its long-lived assets and did no t record an impairment charge in the First Quarter 2025 and First Quarter 2024.

The Company performed periodic quantitative impairment assessments of its long-lived assets and did no t record an impairment charge in the Second Quarter 2025 and Year-To-Date 2025, and in the Second Quarter 2024 and Year-To-Date 2024.

Impairment of Indefinite-Lived Intangible Assets

2 unchanged sentences

The Company performs a periodic impairment assessment of the Gymboree tradename, in accordance with FASB ASC 350 — Intangibles – Goodwill and Other .

Based on this assessment, the Company did not identify any indicators of impairment in the First Quarter 2025 and First Quarter 2024.

Based on this assessment, the Company did not identify any indicators of impairment in the Second Quarter 2025 and Year-To-Date 2025.

During the Second Quarter 2024, the Company recorded an impairment charge of $ 28.0 million, primarily due to reductions in Gymboree sales forecasts, which reduced the carrying value of its fair value to $ 13.0 million as of August 3, 2024.

The Company utilizes the asset and liability method of accounting for income taxes as set forth in FASB ASC 740— Income Taxes .

1 unchanged sentence

The Company’s deferred tax assets and liabilities are comprised largely of differences relating to depreciation and amortization, rent expense, inventory, stock-based compensation, net operating loss carryforwards, tax credits, and various accruals and reserves.

The Company’s provision for income taxes was $ 1.3 million during the First Quarter 2025, compared to $ 2.1 million during the First Quarter 2024.

The Company’s effective tax rate was a provision of ( 4.1 )% and ( 5.8 )% in the First Quarter 2025 and First Quarter 2024, respectively.

The Company’s provision for income taxes was $ 1.5 million during the Second Quarter 2025, compared to $ 1.1 million during the Second Quarter 2024.

The Company’s effective tax rate was a provision of ( 37.1 )% and ( 3.6 )% in the Second Quarter 2025 and Second Quarter 2024, respectively.

The change in the effective tax rate is primarily due to the absence of the impairment charge related to the Gymboree tradename in Fiscal 2024.

The Company continues to adjust its valuation allowance based upon its ongoing operating results.

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted in response to the COVID-19 pandemic.

The CARES Act allows net operating losses (“NOLs”) incurred in taxable years 2018, 2019, and 2020 to be carried back to each of the five preceding taxable years to offset 100 % of taxable income and to generate a refund of previously paid income taxes.

Pursuant to the CARES Act, the Company carried back the taxable year 2020 tax loss of $ 150.0 million to prior years.

As of May 3, 2025, the remaining income tax receivable of $ 19.1 million is included within Prepaid expenses and other current assets on the Consolidated Balance Sheets.

The Company’s provision for income taxes was $ 2.8 million during Year-To-Date 2025, compared to $ 3.2 million during Year-To-Date 2024.

The Company’s effective tax rate was a provision of ( 7.6 )% and ( 4.8 )% in Year-To-Date 2025 and Year-To-Date 2024, respectively.

The change in the effective tax rate is primarily due to the absence of the impairment charge related to the Gymboree tradename in Fiscal 2024.

The Company continues to adjust its valuation allowance based upon its ongoing operating results.

THE CHILDREN’S PLACE, INC.

1 unchanged sentence

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted in response to the COVID-19 pandemic.

Pursuant to the CARES Act, the Company carried back the taxable year 2020 tax loss of $ 150.0 million to prior years.

As of August 2, 2025, the remaining income tax receivable of $ 19.1 million is included within Prepaid expenses and other current assets on the Consolidated Balance Sheets.

The Company accrues interest and penalties related to unrecognized tax benefits as part of its provision for income taxes.

The total amount of unrecognized tax benefits was $ 6.6 million, $ 6.5 million, and $ 7.4 million as of May 3, 2025, February 1, 2025, and May 4, 2024, respectively, and is included within long-term liabilities.

Additional interest expense recognized in the First Quarter 2025 and First Quarter 2024 related to unrecognized tax benefits was not significant.

The total amount of unrecognized tax benefits was $ 6.7 million, $ 6.5 million, and $ 7.8 million as of August 2, 2025, February 1, 2025, and August 3, 2024, respectively, and is included within long-term liabilities.

Additional interest expense recognized in the Second Quarter 2025 and Second Quarter 2024, and during Year-To-Date 2025 and Year-To-Date 2024, related to unrecognized tax benefits was not significant.

The Company is subject to tax in the United States and foreign jurisdictions, including Canada and Hong Kong.

8 unchanged sentences

If any issues arise as a result of a tax audit, and are resolved in a manner not consistent with management’s expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs.

On July 4, 2025, the One Big Beautiful Bill Act was signed into law in the United States.

The legislation contains certain provisions related to the full expensing of U.S.

research and development costs and other depreciable property.

The legislation also includes changes to the determination of the amount of U.S.

interest expense that is deductible for U.S.

tax purposes.

While these changes are generally favorable to the Company’s cash tax position, the legislation does not have a material impact on its estimated annual effective tax rate and financial statements as of the Second Quarter 2025.

The Company is evaluating the effects of the legislation that will begin to apply in fiscal year 2026.

SEGMENT INFORMATION

18 unchanged sentences

Net sales to external customers are derived from merchandise sales, and the Company has one U.S.

wholesale customer that individually accounted for more than 10% of its net sales, amounting to $ 32.2 million for the First Quarter 2025, and accounts for a majority of the Company’s accounts receivable, amounting to $ 25.2 million as of May 3, 2025.

Store Count by Segment

As of May 3, 2025, The Children’s Place U.S.

had 437 stores and The Children’s Place International had 58 stores.

As of May 4, 2024, The Children’s Place U.S.

had 455 stores and The Children’s Place International had 63 stores.

wholesale customer that individually accounted for more than 10% of its net sales, amounting to $ 42.3 million and $ 74.5 million for the Second Quarter 2025 and Year-To-Date 2025, respectively, and $ 44.5 million and $ 61.0 million for the Second Quarter 2024 and Year-To-Date 2024, respectively.

The customer also accounts for a majority of the Company’s accounts receivable, amounting to $ 31.8 million, $ 31.6 million, and $ 38.2 million as of August 2, 2025, February 1, 2025, and August 3, 2024.

THE CHILDREN’S PLACE, INC.

1 unchanged sentence

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Store Count by Segment

As of August 2, 2025, The Children’s Place U.S.

had 437 stores and The Children’s Place International had 57 stores.

As of August 3, 2024, The Children’s Place U.S.

had 452 stores and The Children’s Place International had 63 stores.

The tables below present certain segment information for our reportable segments for the periods indicated:

Thirteen Weeks Ended May 3, 2025

Thirteen Weeks Ended August 2, 2025

The Children’s Place U.S.

6 unchanged sentences

88,289 8,877 97,166

Segment operating income (loss) $ 6,284 $ ( 2,178 ) $ 4,106

Segment operating income (loss) as a percentage of net sales 2.3 % ( 8.8 )% 1.4 %

Twenty-six Weeks Ended August 2, 2025

The Children’s Place U.S.

The Children’s Place International (1)

(in thousands)

Net sales $ 494,954 $ 45,177 $ 540,131

Cost of sales (2)

332,600 35,476 368,076

Selling, general, and administrative expenses (3)

175,785 16,281 192,066

Segment operating loss $ ( 13,431 ) $ ( 6,580 ) $ ( 20,011 )

Segment operating loss as a percentage of net sales ( 2.7 )% ( 14.6 )% ( 3.7 )%

Thirteen Weeks Ended May 4, 2024

Thirteen Weeks Ended August 3, 2024

The Children’s Place U.S.

6 unchanged sentences

97,152 8,418 105,570

Other segment expenses (4)

28,000 — 28,000

Segment operating loss $ ( 19,673 ) $ ( 2,103 ) $ ( 21,776 )

Segment operating loss as a percentage of net sales ( 6.7 )% ( 7.7 )% ( 6.8 )%

THE CHILDREN’S PLACE, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Twenty-six Weeks Ended August 3, 2024

The Children’s Place U.S.

The Children’s Place International (1)

(in thousands)

Net sales $ 538,581 $ 48,952 $ 587,533

Cost of sales (2)

346,076 36,922 382,998

Selling, general, and administrative expenses (3)

208,157 18,142 226,299

Other segment expenses (4)

28,000 — 28,000

Segment operating loss $ ( 43,652 ) $ ( 6,112 ) $ ( 49,764 )

Segment operating income loss as a percentage of net sales ( 8.1 )% ( 12.5 )% ( 8.5 )%

3 unchanged sentences

(3) Selling, general, and administrative expenses include store expenses, marketing, corporate payroll, including long-term incentive compensation, information technology, other administrative expenses, and depreciation and amortization.

The table below presents a reconciliation of reportable segment operating loss to Loss before provision for income taxes:

Thirteen Weeks Ended

(4) Other segment expenses include asset impairment charges.

The table below presents a reconciliation of reportable segment operating income (loss) to Loss before provision for income taxes:

Thirteen Weeks Ended Twenty-six Weeks Ended

2025 August 3,

2024 August 2,

2025 August 3,

(in thousands)

Total segment operating loss $ ( 24,117 ) $ ( 27,988 )

Total segment operating income (loss) $ 4,106 $ ( 21,776 ) $ ( 20,011 ) $ ( 49,764 )

Related party interest expense ( 1,868 ) ( 2,087 ) ( 3,740 ) ( 2,476 )

2 unchanged sentences

Loss before provision for income taxes $ ( 3,912 ) $ ( 31,007 ) $ ( 36,591 ) $ ( 66,716 )

THE CHILDREN’S PLACE, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

Additional Segment Data

Thirteen Weeks Ended

Thirteen Weeks Ended Twenty-six Weeks Ended

2025 August 3,

2024 August 2,

2025 August 3,

(in thousands)

9 unchanged sentences

Total capital expenditures $ 1,430 $ 7,784 $ 4,843 $ 12,478

THE CHILDREN’S PLACE, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)

2025 February 1,

2025 August 3,

(in thousands)

13 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements