What happened Shares of The Children's Place (NASDAQ: PLCE) were climbing today even after the company issued a disappointing first-quarter earnings report. CEO Jane Elfers said: Our Q1 results were negatively impacted by several factors, the largest being lapping the unprecedented stimulus released into the economy in March of 2021. We also believe that the combination of the unseasonably cold weather that lasted through the end of the quarter in most of our key markets, and the unprecedented levels of inflation, particularly with respect to gasoline and food prices, negatively impacted our Q1 results.