04:55 PM EDT, 09/05/2025 (MT Newswires) -- The Children's Place (PLCE) reported late Friday a Q2 adjusted loss of $0.15 per diluted share, swinging from a profit of $0.30 a year earlier.

One analyst polled by FactSet expected a loss of $0.10 per share.

Net Sales for the quarter ended Aug. 2 were $298 million, down from $319.7 million a year earlier.

One analyst surveyed by FactSet expected $289.6 million.

Interim CEO Muhammad Umair said the company projects $20 million to $25 million in additional tariff and duty expenses in fiscal 2025, but expects to mitigate about 80% of the impact.

Shares of the company were up nearly 10% in after-hours trading.