Welcome to our dedicated page for Carters news (Ticker: CRI), a resource for investors and traders seeking the latest updates and insights on Carters stock.
Carter’s, Inc. (NYSE: CRI) is described in its public communications as North America’s largest and most-enduring apparel company exclusively for babies and young children. News about Carter’s often centers on its Carter’s and OshKosh B’gosh brands, multi-channel retail operations, and financial performance across its U.S. Retail, U.S. Wholesale, and International segments.
On this news page, readers can follow company-issued updates such as quarterly and annual earnings releases, where Carter’s reports net sales trends, segment performance, and commentary on factors like tariffs, sourcing costs, and productivity initiatives. Recent releases have discussed comparable sales in U.S. Retail, changes in U.S. Wholesale demand, and growth in the International segment.
Carter’s news flow also includes capital markets and financing announcements, such as the pricing and closing of senior notes due 2031 and the establishment of a new senior secured asset-based revolving credit facility. These items provide insight into the company’s capital structure, liquidity, and debt management decisions.
Investors and followers of CRI can also see governance and corporate actions, including the adoption of a limited duration stockholder rights agreement, amendments to the company’s by-laws, and organizational restructuring plans aimed at adjusting the cost structure and store footprint.
Beyond financial and governance topics, Carter’s issues news about brand and product initiatives, such as the OshKosh Reissued Collection that revisits archival styles, and collaborations like the limited-edition t-shirt capsule designed with Boys & Girls Clubs of America youth. Monitoring this news page helps readers understand how Carter’s manages its brands, responds to market conditions, and communicates strategic decisions over time.
Carter's, Inc. (NYSE:CRI) reported its Q4 and fiscal 2020 results, despite ongoing pandemic challenges. Q4 consolidated net sales decreased 10.1% to $989.9 million, while operating income fell 17.8% to $133.9 million. Adjusted diluted EPS declined 12.5% to $2.46. However, Carter's achieved a record gross profit margin due to enhanced inventory management and strong eCommerce growth, which saw 16% gains. The company anticipates approximately 5% growth in sales and 10% increase in adjusted EPS for 2021. Total liquidity stands at $1.8 billion, ensuring operational stability.
Carter’s, Inc. (NYSE:CRI) will announce its fourth quarter and fiscal year 2020 results before market opens on February 26, 2021. A conference call with investors is scheduled at 8:30 a.m. EST to discuss the results and future outlook. Participants can join by dialing 323-701-0225 or by accessing the live broadcast online at ir.carters.com. A replay will be available until March 28, 2021. As the largest marketer of apparel for babies and young children in North America, Carter’s operates several well-known brands including Carter’s and OshKosh B'gosh, with extensive retail presence across the U.S. and beyond.
Carter's, Inc. (NYSE: CRI) launches its holiday promotion, 'Carter's Wonderful Weeks of Giveaways,' inviting families to participate in daily prize draws through December 6th. Prizes include gift cards and exclusive virtual events with celebrities like Leslie Odom, Jr. and Whitney Port. The campaign is part of a larger holiday strategy initiated in October, aimed at enhancing family experiences during the festive season. In addition, Carter's continues to support community initiatives through partnerships, such as the Pajama Program, which promotes healthy sleep routines for children.
Carter's, Inc. (NYSE: CRI) reported its third quarter fiscal 2020 results, showing a net sales decrease of 8.3% to $865.1 million, amid challenges from the COVID-19 pandemic. However, net income rose 34.8% to $81.2 million, translating to $1.85 per diluted share. E-commerce sales surged by 39%, marking it as the fastest-growing segment. Despite strong performance in specific months, the company refrained from providing fiscal 2020 guidance due to unpredictable consumer demand. Carter's ended the quarter with liquidity of $1.6 billion, having repaid $244 million in borrowings.
Carter’s, Inc. (NYSE:CRI) will announce its third quarter fiscal 2020 results on October 23, 2020, before market opening. A conference call is scheduled for 8:30 a.m. EDT, where management will discuss the financial results and business outlook. Investors can join by dialing 334-777-6978 or via a live internet broadcast on the investor relations website. Call replay will be available through November 6, 2020. Carter's is a leading branded marketer of children's apparel, operating numerous well-known brands across various platforms.
Carter’s, Inc. (NYSE: CRI) introduces a virtual holiday experience, “From Santa with Love,” allowing families to receive personalized video messages from Santa. Running from October 16 to October 30, 2020, the sweepstakes offers 1,500 families a chance to win a custom Cameo video from Santa. This initiative aims to enhance holiday magic for children during a challenging season. Participants can enter daily, and winners will have until January 1, 2021, to redeem their messages. Carter’s continues to innovate in creating memorable moments for families during the holiday season.