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Carter’s, Inc. reports developments tied to its baby and young children’s apparel business under brands that include Carter’s and OshKosh B’gosh. News commonly covers quarterly and annual results across U.S. Retail, U.S. Wholesale and International operations, including retail comparable sales, eCommerce activity, wholesale performance, margins and dividend actions.
Company updates also include brand collaborations, limited-edition apparel collections, community-oriented OshKosh B’gosh partnerships, demand-creation initiatives, operating model improvements and governance changes. These items reflect Carter’s multi-channel model, which combines stores, digital commerce and wholesale distribution for children’s apparel and related products.
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.