childrens place inc plce reported fourthquarter net income of 390 million or 268 per share up from 78 million or 53 cents per share last year adjusted eps of 302 beat the factset consensus of 285 sales of 5078 million were up from 4729 million last year and missed the factset consensus for 5328 million comparable sales were up 133 we are facing significant headwinds in 2022 including decadehigh cotton pricing record inflation lapping unprecedented stimulus payments from last year and continued global freight disruptions said chief executive jane elfers in a statement however the company has undergone a digital transformation that elfers said will help the company exceed prepandemic eps levels childrens place has closed 256 stores since the start of the pandemic and plans to shutter another 40 stores in fiscal 2022 the company has 672 stores operating childrens place stock jumped 52 in wednesday premarket trading and has tumbled almost 30 for the last year the sp 500 index spx is up 76 over the past year