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The company has undertaken growth efforts such as enhancing its digital capabilities, augmenting its supply chain, and improving its financial flexibility. PLCE had a strong first-quarter, driven by a favorable response towards its product assortment, higher price realization, and consumers spending stimulus checks.
From a liquidity standpoint, the company has a current ratio of 0.9, which indicates it may not be able to cover short-term obligations. In addition, the company has a high debt-to-equity ratio of 4.1.
