The Children’s Place, Inc. (NASDAQ:PLCE) Q4 2022 Earnings Call Transcript

Jane Elfers: Let me try to untangle that. In 2021 was where we were selling the goods that we didn’t sell in 2020 because of the pandemic. So we sold them in 2021, which were lower-cost AUC goods that were bought prior to the cotton spike. The basics that we own now are basics that have the higher cotton in them. So as Sheamus outlined, we will still have some of those basics throughout all of 2023, but they will also — we will also be getting in new basics in 2023 prior to back-to-school that have the lower cotton. So it will be, to your point, a combination of both in the basics category.

Operator: Thank you. And this does conclude our conference for today. Thank you for joining us. If you have further questions, please call Investor Relations at area code (201) 558-2400, extension 14500. You may now disconnect your lines, and have a great day.