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) has appointed singer and actress Chloe Bailey as their first-ever S'Auntie Claus for a new holiday marketing campaign. The initiative includes a contest where fans can submit children's letters to S'Auntie Claus for a chance to win one of ten $500 Carter's gift cards. The contest runs until November 29, 2024, with winners announced on December 3, 2024.
Bailey has curated a selection of products from Carter's brands, including Carter's, OshKosh B'gosh, Little Planet, and Skip Hop, available on their website. The campaign aims to celebrate aunts and aunt-figures while promoting holiday shopping.
Carter's (NYSE:CRI) reported Q3 2024 results with net sales of $758 million, down from $792 million in Q3 2023. Operating margin decreased to 10.2% from 11.8%, while diluted EPS fell to $1.62 from $1.78. The company returned $138 million to shareholders through dividends and share repurchases. Despite challenging market conditions, Carter's reaffirmed its fiscal 2024 outlook with projected net sales of $2.785-2.825 billion and raised its adjusted diluted EPS outlook to $4.70-5.15. The company initiated a $50 million investment plan, allocating $40 million for competitive pricing and $10 million for brand marketing in the second half of the year.
Carter's, Inc. (NYSE:CRI), North America's leading marketer of baby and young children's apparel, has announced it will release its third quarter fiscal 2024 results on Friday, October 25, 2024, before the market opens. The company will host a conference call at 8:30 a.m. Eastern Daylight Time to discuss the results and business outlook.
Interested parties can access the live webcast and presentation materials through the company's investor relations website at ir.carters.com. To join the call by phone, preregistration is required via a provided link. A webcast replay will be available shortly after the call concludes on the same investor relations website.
Carter's, Inc. (NYSE:CRI), North America's leading marketer of baby and young children's apparel, has announced its participation in the Goldman Sachs 31st Annual Global Retailing Conference. The company will engage in a fireside chat on September 4, 2024, at 8:15 a.m. EDT in New York City. Investors and interested parties can access a live webcast of the discussion through the Investor Relations section of Carter's website at ir.carters.com. This event provides an opportunity for Carter's to share insights into its business strategies and market position with industry analysts and investors.
Carter's, Inc. (NYSE: CRI) has announced a quarterly dividend of $0.80 per share. The dividend will be payable on September 13, 2024, to shareholders of record at the close of business on August 27, 2024. The Board of Directors made this declaration, emphasizing that future quarterly dividend declarations and the establishment of record and payment dates will be at their discretion. These decisions will be based on various factors, including the company's future financial performance and other considerations.
Carter's, Inc. (NYSE:CRI) reported its Q2 fiscal 2024 results, achieving sales and earnings objectives despite a challenging market environment. Key highlights include:
- Net sales of $564 million, down from $600 million in Q2 2023
- Operating margin improved to 7.0% from 6.3% in Q2 2023
- Diluted EPS increased to $0.76 from $0.64 in Q2 2023
- Returned $54 million to shareholders through dividends and share repurchases in Q2
The company faced a slow start in April but saw improved sales trends in subsequent months. Carter's achieved a record gross profit margin, reflecting strong product offerings and lower costs. The company ended the quarter with a higher cash balance and over $1 billion in liquidity.
Carter's, Inc. (NYSE:CRI), North America's leading marketer of baby and young children's apparel, has announced its plans to release second quarter fiscal 2024 results on Friday, July 26, 2024, before the market opens. The company will host a conference call at 8:30 a.m. Eastern Daylight Time to discuss the results and provide a business outlook. Investors and analysts can access the live webcast and presentation materials through the company's investor relations website. For those wishing to join via phone, pre-registration is required through a provided link. A replay of the webcast will be available shortly after the call concludes.
Carter’s (NYSE: CRI), North America's largest marketer of apparel for babies and young children, announced its participation in the Evercore ISI Consumer and Retail Conference. The event, which includes a virtual fireside chat, will take place on June 12, 2024, at 11:00 a.m. EDT. A live webcast of the session will be accessible via the company's Investor Relations section on its website.
Carter’s (NYSE: CRI), the largest branded marketer of young children’s apparel in North America, has released its fourth annual Raise the Future Impact Report. This report highlights the company's achievements and commitments in the areas of product sustainability, environmental footprint reduction, and community support.
Key achievements include over 40% of cotton and recycled polyester being sustainable, nearly 100% of apparel certified by OEKO-TEX® STANDARD 100, a 26% reduction in Scope 1 and 2 greenhouse gas emissions since 2019, and a 30% decrease in virgin plastic packaging. Additionally, Carter’s and its charitable foundation have invested over $8 million in community initiatives, and diversity in leadership roles has increased to over 20% and 25% for Vice Presidents and District Store Managers, respectively.
Today, Carter’s announced a quarterly dividend of $0.80 per share. This dividend will be paid on June 7, 2024, to shareholders who are on record as of May 28, 2024.
Future dividends will be determined by the Board of Directors based on the company's financial performance and other considerations.